Excellon Resources
Silverbolag med fyndigheter i Mexiko. Ett bolag som tjänar fina pengar och som av många spås en silverglänsande ;) framtid. Bolaget är (och har länge varit) JF´s first pick bland silverbolagen.
Köpte aktien själv i mars 06 och har varit med om en minst sagt svängig resa. Idag har vi satt ett nytt ATH. Som framgår av chartet har det varit en våldsam resa de senaste dagarna och volymen hafr varit mycket bra. Jag misstänker att det är läckor av något slag och att nyheter vankas.
Jag tror att vi kommer att se 2 CAD innan påskalammet skall slaktas.
Obs. Råvarujuniors innebär ofta skakiga resor och risken är hög.
Vh Björta
#1
Bra köp, men ett bra uran vore än bättre.
Mvh liam
Lite om nuvarande värdering, i grova drag, av Excellon.
Senast rapporterade kvartal uppnådde man en net income på 7,6 milj CAD.
Låt oss anta att de kommande tre kvartalen ger samma resultat så har vi på årsbasis 30,4 CAD.
Antalet aktier i bolaget är 144 milj -> 30,4/144 = 0,21 Cad per aktie
Nuvarande börskurs 1,42 ger p/e i runda slängar på 6-7.
Bolaget har en "silverskuld" som kommer att slutamorteras någon gång under första halvåret. Därefter är bolaget helt skuldfritt.
Tillgångarna är ändliga och såvitt jag förstått så räcker det som hittills påträffats de närmaste 5-6 åren. Prospektering pågår fortlöpande och torde förhoppningsvis leda till nya fynd succesivt.
Vh Björta
Inlägget är redigerat av författaren.
EXCELLON RECEIVES HIGH GRADE RESULTS THAT EXPAND GUADALUPE MANTO AND INDICATE NEW MANTO DISCOVERY AT PLATOSA, AND APPOINTS JOHN SULLIVAN AS VICE PRESIDENT - EXPLORATION
Toronto, Ontario - January 22, 2007 - Excellon Resources Inc. (EXN.V) is pleased to announce high grade assay results from 13 diamond drill holes containing massive sulphide and sulphide-rich breccia intersections on its 100% owned Platosa Property in Durango State, Mexico.
Eleven of the holes are from the Guadalupe Manto, the largest massive sulphide body discovered to date on the property, and the results confirm visual assessments of the intersections reported on October 16, 2006. Silver grades in the eleven holes range between 139 and 1331 g/tonne ("t") (4.5 and 43 oz/t); lead grades range between 2 and 21.4%; and zinc grades range between 0.65 and 19.4% over widths ranging from 0.50 to 7.00 metres (see table). Combining these intersections with previously reported holes extends the high-grade massive sulphide mineralization in the Guadalupe Manto at least 150 metres to the northwest past the limits defined in Excellon?s National Instrument ("NI") 43-101-compliant Mineral Resource Estimate prepared by Scott Wilson Roscoe Postle Associates ("Scott Wilson RPA") of Toronto, Ontario, independent geological and mining consultants, and reported on August 17, 2006. The Guadalupe Manto remains open in several directions.
Of the two other holes, LP-325 was drilled in previously untested ground 75 metres northeast of the Guadalupe Manto and cut 5.74 metres of massive sulphides grading 586 g/t (18.8 oz/t) silver with 6% lead and 10% zinc. This appears to be an entirely new manto, tentatively named the "Rodillo Manto." The remaining hole, LP-322, combines with earlier holes to add significant mineralization to a northerly extension of the previously mined N-1 Manto and may link it with the Guadalupe Manto (see map).
The eleven holes reported here from the northwest extension of the Guadalupe Manto, combined with holes LP-301, LP-302, and LP-304 (all reported on October 16, 2006), define consistent massive sulphide and sulphide breccia mineralization lying outside the northwestern limits of the Guadalupe Manto as outlined in the NI 43-101 Mineral Resource Estimate. The limits of this portion of the manto have not been reached, but the combined results show that it is over 150 metres long and widens irregularly from 50 to over 75 metres wide towards the northwest. Individual intersections in the central portion of the manto range up to 7 metres in thickness, but several holes have parallel stacked mantos giving aggregate massive sulphide thicknesses of over 12 metres. No drilling has been done yet to trace this body farther to the northeast, north or northwest.
"We are very pleased to have firmed up this major addition to the Guadalupe Manto and are very optimistic that exploration will continue to expand it to the north and northwest. We now have enough mineralization within reach of our test-mining infrastructure to evaluate construction of a mill. In preparation we have begun the permitting and planning process," said Richard Brissenden, Excellon's chairman and chief executive officer. "We are equally excited by the discovery of what looks like another manto to the northeast of the Guadalupe. Experience has shown us that getting the first hole into a manto is always the toughest, so we look forward to expanding the Rodillo Manto when we bring the rigs back to the mine area."
Drilling has resumed on regional targets away from the immediate vicinity of the Platosa Mine. This drilling is testing preliminary geological, geochemical, and geophysical targets developed near old mines and prospects within the Sierra Bermejillo range where the Platosa Mine is located. The range will be flown in early February with an airborne electromagnetic and magnetic survey, which is expected to aid target selection greatly. An exploration update announcement will be made in the near future.
[For table and map, please see attached]
Excellon appoints John Sullivan as Vice President - Exploration
Excellon is also pleased to announce that it has appointed Mr. John Sullivan, BSc., PGeo., as Vice President - Exploration, effective January 1, 2007.
Mr. Sullivan, a graduate of Queen?s University at Kingston, is an economic geologist with over 35 years of experience in the mineral industry. Most recently a senior geologist with Watts, Griffis and McOuat Limited ("WGM"), a Toronto-based international geological and mining engineering consulting firm, he has evaluated properties and prepared National Instrument 43-101 reports on gold and base metal projects in Canada and internationally. Prior to joining WGM, Mr. Sullivan worked at Noranda Inc. (now Xstrata) for 18 years. His final posting was as the Director of the El Morro project in Chile, where he was responsible for all aspects of the exploration and mineral resource estimation on the Copper-Gold porphyry deposit that is presently the subject of a feasibility study. He held senior exploration positions in Canada, where he managed several field offices, leading teams that discovered several small base metal deposits, and spent five years offshore where he directed property evaluation activities and advanced field programs in Europe and Chile. Earlier in his career he served as senior mine geologist in northern Manitoba.
"The appointment of Mr. Sullivan marks the beginning of a new stage in the Company's growth," said Richard W. Brissenden, Excellon's chairman and chief executive officer. "His vast experience at managing exploration programs on advanced stage projects will be a tremendous asset to the development of Excellon's Platosa Property, and we believe he and Dr. Peter Megaw, Excellon consulting geologist, will make a great team. Further, his international experience and ability to evaluate properties will help Excellon as it begins to consider other exploration opportunities."
"I look forward to working with a professional of John's calibre," said Dr. Peter Megaw, who will continue to act as a consulting geologist for Excellon.
Går bra idag, 1.54 CAD senast betalt. Jag följde min strategi senast och säkrade en del på 1.50.
Mycket riktigt blev det en dipp och tror vi var nere på 1.25 innan vändning kom igen. Lite oväntat att det gick så snabbt upp igen men så är det tydligen nuförtiden, snabba ryck så man inte hinner med, bättre att ligga lång :-)
Iaf, jag har ingen vidare målkurs på nuvarande innehav, sätter dock stoploss på 1.40 och flyttar upp det efter hand, ca 10% nersida ligger stoppen på.
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Vh Björta
pcspel, visst ser den ut att stå in för ytterligare ett kliv uppåt!?
Vh Björta
Japp, helt klart, trodde faktiskt Excellon skulle fortsätta dra idag, men det blev mothugg på 1.55 CAD.
Lite synd för hade sett bra ut i charten med fortsatt lyft!
Blir dock inte förvånad om vi tar ytterliggare en tur ner till 1.25 CAD. Kan vara läge för att köpa/öka där då faktist, får se hur det utvecklas. Rolig aktie om ingen annat, rör sig ganska fint och borde vara ganska lyckad att swingtrada rejält i.
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Driver Hembiobrevet.se
Perfekt!
Jag är med fortfarande och har lovat mig själv att jag säljer inte på känsla utan det får bli en "manuell stoploss" som får agera vinsthemtagning. Runt 1.50 i dagsläget, senast betalt 1.73 CAD!
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Driver Hembiobrevet.se
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Ogilla! 4
Gilla!
Köpte för bara några veckor sedan efter jag läst att silver, som ofta glöms bort, kan få en bra resa under 2007. Valde silver framför uran faktiskt.
Excellon Resources blev valet efter kollat igenom JF's rekar. Det är extremt svängig handel och man bör antingen trada flitigt eller köpa och glöm bort, det senare är mitt val.
Har inga riktkurser eller något utan ligger kvar så länge silverpriset håller sig över 12 cent, silverpriset får agera stoploss alltså.
Eventuellt säkras en del om vi når 1.50.
Med en uppgång på 40% på bara några veckor så är det svårt att inte tänka på bubbla men men.
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Driver Hembiobrevet.se