The Investment Doctor
Long/short equity, value, debt, base metals

Excellon Resources Is Still Processing Ultra-High Grade Ore But Has Only 6.5 Years Left

Introduction

This article is meant to have a closer look at Excellon Resources (OTCPK:EXLLF) which is currently mining the extremely high-grade La Platosa project in Durango, Mexico. The main scope will be to determine whether or not Excellon is a good buy at the current share price, how sustainable the high-grade production profile is and where the next step in the company's game plan will occur.

Source: company presentation

As Excellon's main listing is on the Toronto Stock Exchange where the company is listed with EXN as its ticker symbol, I'd strongly recommend to use the TSX for your trades as the average daily volume is approximately three times higher as the (not very illiquid) US exchange.

Excellon...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details