EXN.t yeah Matt it's 11 p.m. here. Just Had a look, saw the 2.24. had to smack myself to make sure I wasnt dreaming. My first ten bagger of the year. I added during that last post and sold the traders couple days ago at 1.94 thinking it was going to struggle to get past $2 LOL. Guess what I'll be doing first thing tomorrow morning, that's right, logging in to see what excellon did.
Trying to figure it out , because I didn't expect this much this fast on the second leg up. Are people finally figuring out what 4 million ounces AgEq at 7 to $9 AISC is going to look like? Drilling for the CRD source was supposed to start 1st of August , did they find something already?
I think those production numbers are eminent in a couple quarters and that alone could take it to $4.00 based on a 5x on the $40 m cash flow I think they'd see.
And I think they have a chance to make a major Discovery at Cinco. Those CRD' s are usually 20-40 year high tonnage deposits. They were on it before the crash in silver and they had the legendary Peter Magaw working . Their resource is the one light spot in the company. They Shore that up and that's going to provide a future and a lot larger valuation on the shares. That's why Sprott bought in, I believe he wants to find the CRD and take the company to another level. Haven't looked at the price since I started typing I wonder if it went higher LOL.
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