Excellon - Die neue ECU-Silver - 500 Beiträge pro Seite

[MickyMouse1]

In Kanada wird gerade ein neuer Silber-Explorer entdeckt. Der Wert wurde gestern und heute von 2 wichtigen Experten empfohlen und heute erscheint nachfolgender Artikel in Mineweb.

Doch seht selbst:


Potential world class silver in Mexico
By: Rhona O'Connell
Posted: '14-APR-06 14:00' GMT © Mineweb 1997-2004

LONDON (Mineweb.com) -- When we last wrote of Excellon Resources we commented that it looked as if the company could have a tiger by the tail. Well this cub is growing into a very healthy looking feline. Initial exploration on the property, which is in one of the most prospective areas of Mexico, right in the middle of the productive areas of the country, revealed a number of mantos, which are flat-lying lenses, at varying depths but typically roughly 100 metres below surface. It now transpires that these are joined by chimneys and that the deposit is continuous. This opens up the prospect of a vast area of mineralisation.

It may come as a surprise that the majors have not previously explored this deposit. This lies in the history of the deposit, which is on property that was privately owned and there was a degree of reluctance to enter into protracted negotiations in order to secure title. Excellon took up the challenge, however, and this is now starting to bear fruit.

The company is listed on the TSX-V (ticker symbol EXN) and is currently capitalised at US$168 million. Excellon is fully funded with over US$4 million cash in hand and is currently working the Platosa project, which is very high grade and throwing off sufficient cash to allow for further development. The company is producing direct shipping ore from the project at a rate of 5,000 tonnes per month and is on schedule to raise this to 6,000tpm in May if not this month. Production at 6,000 tonnes per month throws off monthly free cash flow of $1.01 million using silver at $10, lead at 50 cents and zinc at $1/lb, giving a market capitalisation : cash flow ratio of 14. This, however, works only on the basis of the current production of direct shipping ore and also accounts for repayment of the debenture that was taken down in order to kick-start the company’s financing. This debenture involves 1.8 million ounces of silver, and at present the company is passing 50% of its silver production straight into the bank in order to work off the liability. This should be complete during the third quarter of this year, at which point a further $850,000 drops out of the profit-and-loss, implying free cash flow of closer to $1.9 million per month, giving a capitalisation : cash flow ratio of closer to seven.

To put these price parameters into perspective; current silver, lead and zinc prices are $12.60, 53 cents/lb and $1.36/lb respectively. The averages for 2005 were $7.21, 41.4 cents and 61.2 cents respectively.

These figures account only for production of the direct shipping ore. The high-grade stripping ore is due to commence production in June at 500 tonnes per month, rising to 1,000 tonnes per month and grading 200 ounces of silver per tonne. If all costs are taken against silver then the average cash cost is only $1.15/ounce.

The first six months of production treated 18,000 tonnes of ore for 697,000 ounces of silver (40 ounce per tonne direct-shipping ore), with 21 tonnes of lead and 2.4 tonnes of zinc. This generated $8.2 million of revenue and $1 million operating cash flow.

The company estimates that this bonanza ore body has a life of approximately two years, which should allow for development of the new areas that the company is finding. These include the recently-discovered Guadalupe Manto and, approximately 100m to the south east thereof, Guadalupe South. Guadalupe is larger than all the other mantos put together. Assay results have recently been returned fro the first nine of 17 previously-reported intercepts. Six of these were in massive and semi-massive sulphides, ranging from 2.4 to 9.4 metres in thickness, ranging from 26.9 to 128.8 ounces of silver per tonne and taken together the intercepts outline a coherent sulphide body of at least 50 metres by 50 metres and an average thickness of 5.6 metres, with a thickness-weighted average grade of 42.8 ounces of silver, 20% lead and 14% zinc.

Significantly, the deposit is flanked on the northeast, southeast and south by sulphide-bearing breccias of up to 10 metres thick, typical of the margins of Platosa-style mantis and is open in al these directions.

Excellon now has two drill rigs on site and a third has arrived and is due to commence work in the near future. Excellon is to continue with step-out drilling at 15-metre intervals and is to use its first drill rig for testing of possible feeders to the Guadalupe Manto at depth.

The results to date are sufficiently prospective for the exploration programme to be geared up to $500,000 per month from $300,000. The is already a good inventory of targets for the third rig, but the company is beginning a district-wide biogeochemical sampling programme to identify additional target areas with a view to understanding the overall understanding of the system. So far the biogeochemical studies (using the Mesquite system – mesquites are very thirsty trees whose roots will travel down 60 metres to find water and they are excellent indicators of mineralisation) show alteration but not mineralisation; geophysics, however, suggests a north-west to south-east trend and the indicators suggest that the mineralisation cold amount to anything between ten and fifty million tonnes of ore..

The chimneys in the deposit are not yet in the 43-101 audited resource. The next set of figures could make very interesting reading.

[SOM.you.]

RE: Excellon

ich hatte die Aktie auch schon mal im Auge und ärgere mich jetzt bei 0,60 nicht noch aufgesprungen zu sein.

Die Börsenbewertung ist doch schon recht hoch.

Bin mir unsicher hier noch einzusteigen.

SOM

[MickyMouse1]

Antwort auf Beitrag Nr.: 21.221.166 von SOM.you. am 18.04.06 11:28:33

Hi,

wenn du den Artikel näher gelesen hast, geht es hier um etwas ganz grosses.
Ähnlich wie bei Ecu Silver.

Wenn man davon ausgeht, das sie tatsächlich einen Erzkörper von 10 Mio T. finden, und man von der unteren Grenze ausgeht an Edelmetallen, wie man sie bisher gefunden hat (42,8 Opt Silber, 20% Blei und 14% Zink) so würde das heissen:
428 Mio Ouncen Silber, 2 Mio T Blei und 1,4 Mio T Zink. Dies mal hochgerechnet zu den aktuellen Preisen (Silber 13.- USD, Blei 0,5 USD/lbs, Zink 1,3 USD/lbs) = ca. 10 Mrd USD. Wenn ich nun hergehe nur 10% davon zu rechnen, bin ich bei einem Börsenkurs von 1 Mrd USD, momentan ist das Unternehmen mit rund 200 Mio bewertet. Ich habe jedesmal nur die untere Grenze angenommen, und komme bereits auf einen potentiellen verfünffacher. In Wirklichkeit sind die Chancen wahrscheinlich noch höher (bessere Ressourcengrade und grösseres Erzvorkommen (im Artikel wird mit dem bis zu 5fachen bei der Menge spekuliert). Gut, das Risiko ist wie bei jedem Explorer und Junior hoch. Aber wer nicht wagt der nicht gewinnt. Übrigens E.Hommelberg von golddrivers.com hat den Wert in sein Portfolio gestern mitaufgenommen. Der war auch einer der ersten der ECU Silver und Kodiak empfohlen hat.

[_MountainDew]

Antwort auf Beitrag Nr.: 21.221.684 von MickyMouse1 am 18.04.06 12:07:25

Hi, zu Excellon gibt es bereits einen umfangreichen Thread:

http://www.wallstreet-online.de/community/thread/1035465-1.h…

Gruß
MountainDew