Excellon Resources Inc. (EXN)

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A Nice DD I found online and confirms why $EXN will reach $20 soon :

- German version of gold rush happened 1st time in 1168. Difference is it was about silver

+750 years of historical production. Mining ceased in the 1880s not because the deposits were depleted, but rather because Germany left the silver standard in 1873 and joined the gold standard. This led to a decrease in economic incentive and the miners emigrated to Mexico to explore local silver projects.

- Fast forward to 2022. Strategic importance of leveraging the mineral rich ores in the ground is quite well understood in Germany.

- 5-10 grams of silver are needed for every solar panel

- Not many silver pure play mines in the world currently.

- A region like the Erzgebirge is a great jurisdiction for resource projects. economic interest to support mining, the local population is very positive on the topic

Silver City is a district scale project over 340 km2 with 36 km of strike with high-grade historical veins up to 10 m wide and up to 3,700 g/t Ag.

On Feb 9th 2022 $EXN announced results from its 2021 diamond drilling campaign. Step-out drilling intersected significant silver mineralization at four targets. Highlights included: 1,633 g/t silver equivalent over 0.35 metres (1,470 g/t Ag, 0.2 g/t Au, 2.9% Pb and 2.1% Zn)

The area is home to the Freiberg University of Mining and Technology (TU Bergekademie Freiberg), one of the oldest universities of mining and metallurgy in the world and the Helmholtz Institute Freiberg, which specializes in a broad array of innovative mining technologies. $EXN has a partnership with these institutions and thus benefits of:

#Exclusive access to innovations in mining technology, which for example allow for higher recovery rates

#Access to Phd students and geology talent.

In Q2 2020 $EXN acquired the Kilgore gold project for less than US$20/ounce, adding US$300M NPV (+81% post-tax IRR) at US$1,800 Au. As I write this article the gold price is at US$1,953 (98% post-tax IRR).

Exploration is a high risk investment, but taking into account the Kilgore NPV, the cashflow generated by Platosa and EXN trading at an Enterprise value of 42.5M CAD, the hidden value of the Silver City Project is basically included in the current market price for free!

Please DYOR

Credits to ShovelStocks https://stocktwits.com/shovelstocks