Value Microcaps Junior Miners

[checkmate28]

Excellon Resources EXLLF I added today at 1.36
Insider's and company have been buying shares consistently for a long period of time.

Q3 production 607k ozAgEQ with 975 gAg/ton for a yearly run rate near 2.5 million oz yearly.
Market cap about 75 mil minus cash, might leave an EV near $65 million or less based on $10 cash from last figures I could find.
Net cash costs of $7.77 per Ag oz and all-in costs of $10.65 per Ag eq. oz

They have been dealing with a hostile union that was not given the contract last year. The sore losers are doing everything they can to sabotage the company and shares including putting out their own bad press, posting on the BB boards. Worst was a blockade that temp closed the mine. Government stepped in and ran them off about a year ago, but damage was done to the SP. Meanwhile they are kicking it on the operations side and paying for drilling with cash.


http://www.canadianinsider.com/node/7?menu_tickersearch=EXN+%7C+Excellon+Resources