Value Microcaps Junior Miners

[checkmate28]

EXN.T Excellon Resources Traded at .54 + 150% from 2016 low. Havent mentioned this much because I was still accumulating and its not very liquid. The following 2 posts are still 100% the reason this will move much higher the coming months. To back me up, Greg McCoach in a presentation at March 8th PDAC said Excellon was an easy 10 bagger.

checkmate28 Monday, 11/02/15 11:57:54 AM Post # 32016

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118174341

EXN.T Excellon Resources. Trading at $17MC. I would call this Great buy today. I dont think the market sees where this is going. Todays financing was more than fair for a the $6 Million they need to fully pay for their de-watering project. They are going to tackle it for good and this turn around will happen fast.

First off, they projected needing $10M for the dewatering project. They now say $6M will do the entire project. The new IRR will be over 100% based on similar metals price today.


1,231 g/t Ag (1,766 g/t AgEq Thats almost 70 US ounces per ton.

The Company is currently accessing the periphery of the high-grade 623 Manto, hosting mineral resources of 83,000 tonnes at 1,231 g/t Ag (1,766 g/t AgEq), which is expected to reach full production during 2016 as ramps providing full access to the manto are completed.

Optimization Project: PEA Highlights
Base case of $17/oz silver, $0.90/lb lead, $1.00/lb zinc

2016 - 2019
$58.4 million cumulative net after-tax cash flow
• $6.02 average total cash cost per payable silver ounce
• $9.00 average all-in sustaining cost per payable silver ounce

They should be producing at $4Million AuEg oz very profitably somewhere mid 2016. The increased cash flow will allow them to follow up their drilling program that could change the company in a bigger way.
Checkmate28

also
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118446304

Checkmate said

While they lost money this quarter, this report clearly presents the path Excellon is on. Trading now near 1x next years CF

Currently I am holding for at least $1.00 this year. After the water table is drawn down and production level increases to 4Million OPY we can calculate the following.

4,000,000oz X AISC $9 @ leaves a $7 margin ($16Ag) or $28 million. CAPEX will be low, but they need to drill and they will. That is another good story in itself but requires some DD. They will also have cash for M @ A should something arise. They will be producing at 1200 GPT or 6 times the grade of the average silver producer producing around 200gpt.

This is easy stuff here. Excellon just needs to finish its paid for Dewatering program later mid 2016.

I know its been fairly easy lately but all my most posted companies last 12 mths AG.T GORO ICG.V AUMN EXN.T SAS.T(bought) & GWA.V all recent home runs. I Still like all of the above. Soon GWA Gowest Gold might be ready for a pop when the environmental permit comes in laying the grounds for execution of financing of the bulk sample that is backed by a low CAPEX, High IRR and sub $900AISC pre feas. Soon possibly DNI.ca will be on that list. DNI is an amazing little company with 3 sources of cash flow soon & trading at about $2M MC More on this when I have time and when I feel 100% confident they will succeed.


Checkmate28 GLTA