Value Microcaps Junior Miners

[checkmate28]

Bobwins RE EXN.t Excellon I hear you on the relative flat production history and that was my only box I couldn't check myself.

While they dont have a flagship property funding other large development property's, they do have a strategy for growth. First remember they lost a full year due to the union block aid of several mths followed by the re-permitting/reramping, maybe why you sold. They just got back on their feet 3rd Q and are making incremental increases in tonnage through the mill. What they have, is a growing cash stash, from their highly profitable operation and they are blowing the acquisition horn loudly. $3MILLION Q3 net earnings from 200 tpd is more profit than most companies with 2000tpd.
It was the acquisition strategy that got them the fully permitted Miguel Auza mine, mill and adjacent properties in 2009 for about $5 million that provides them the production they have now.

They have a new IR person much more knowledgeable then the last. LOL, I told them to get the Aurcana info off the presentation.

I not sure the POG is going higher short term, so for me very low cost profitable producers still make sense, until the POM provides profit for the more leveraged companies.

I got some nice links from IR that I think you'll find interesting funny esp the BNN interview of Peter Crossgrove.


PETER CROSSGROVE is Executive chairman for Excellon and has been seated on 46 Corp boards. HILARIOUS, he just wrote a book and went on a tyraid against Barric Gold mgt.

Quote, Most of the directors of Barrik have never been to a mine and if they had, they wouldn't know what they were looking at.

Part one: http://watch.bnn.ca/#clip1071973

Part two: http://watch.bnn.ca/#clip1071974

Part three: http://watch.bnn.ca/#clip1071978
this piece has some strong hints on Excellons future

Also PDAC interview of the CEO
http://www.kitco.com/news/video/show/PDAC-2014/597/2014-03-05/Chasing-Cash-Flow-Not-Ounces-Excellon-CEO