Producing silver, lead, and zinc from its very high grade deposit at its Platosa Property in Mexico, expanding the existing deposit’s resources, and aggressively exploring elsewhere within the property with the hopes of discovering a massive 5-50 million tones carbonate replacement deposit (CRD). Published indicated resources at Platosa of about 44 million lbs. lead, 43 million lbs. zinc, and 9.2 million ounces silver as of May 9, 2006. [David Zurbuchen] [Feb 7 2008]

Recent drill results and corporate activity on the acquisitions end suggests that Excellon’s four working drill rigs are finally paying off in a new and significant discovery beyond the current ultra high-grade deposit. While production numbers are likely to be similar to 2007 in fiscal 2008, production should roughly double once Excellon finishes building its very own 350 tonne per day mill, expected in late 2008. It is expected that the new mill will allow for the negotiation of more favorable smelter terms as well as resulting in significantly improved recoveries. Consequently, cash flow should improve significantly in about 12 months. Combined with its exploration upside, which could realistically result in the discovery of a large mineral deposit, Excellon appears to be undervalued. However, any explosive upside appears to be limited due to their being about 150 million shares outstanding. Rather, I expect more of a slow and steady rise higher with occasional spikes along the way. [David Zurbuchen] [Feb 7 2008]