Special Report
The Next SILVER STOCK Home Run
Greg McCoach
The Mining Speculator
March 21, 2005
Just as SILVER PRICES PUSH
HIGHER in what looks to be a multiyear bull market, a junior
exploration company is about to go into production in one of
the world's most efficient and prolific regions for mining silver.
My average recommendation for
the companies I've highlighted in our "Focus Brief,"
this past year, have more than doubled in value. This year alone,
two of those picks recently doubled within 3 months of recommending
them. And this was during a time when the market was in correction
mode!
Right now, there are a lot
of reasons why you need to buy a small silver company called
Excellon Resources. Excellon Resources (EXN.TSX.V) is
my next pick to soar. And it looks like it could multiply
five times over in value.
At The Mining Speculator, when
I decide to highlight a company in our "Focus Brief,"
I usually do so because the companies are on the verge of a huge
development things that could carry their share prices to much
higher levels.
As I hope you can see, Excellon
Resources has reached a similar turning point.
But what really puts me over
the top on this opportunity is the fact that our downside, at
least for the next 12 months, appears very limited. Let me explain
As many of you know who follow
our newsletter, I like recommending companies that have a known
resource of some sort, regardless of how great the story may
be. In addition, I like to find companies that we can buy while
they are at or near their lows. I believe combining this with
a company that is about to have significant developments gives
us the best chance at success in the junior exploration business.
For me, at current share prices,
Excellon Resources represents an opportunity that protects our
downside by the fact that production (12 month period) from the
known resource, will bring in over US$20 million dollars to the
treasury. During this same time period, we get a very reasonable
chance at hitting the "silver lottery" as the company
drills for an elephant (the beast) on their Platosa property.
Consider these compelling facts:
- Excellon has locked up a vast
property in the richest silver-producing region the world has
ever known
.
- The company has already outlined
a deposit containing 63,400 tonnes of 75 oz / tonne silver, 15%
lead, and 12% zinc. Production is expected April '05
.
- The silver from this mine
will be the lowest cost silver production in the world at $1.60
per ounce
.
- The deposit is open in all
directions and drilling is cur rently underway to confirm that
Excellon could be onto a much larger resource
.
- The company is well financed
and managed by a very experienced team of mining professionals
--> Read
the full version pdf here
March 2005
Greg McCoach
amerigold@msn.com
Mining Stock Focus Brief is published by MS
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The Mining Speculator's subscription price is us$129.00 per year.
make checks payable to "Mining Speculator." Executive
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Warnings and disclaimers: The publisher and staff of this publication
may hold positions in the securities of companies discussed or
recommended, but no position will be substantially liquidated
in any such security which is owned prior to the masthead date
of this publication until at least 30 days after such date. The
information contained herein has been received from sources,
which the publisher deems reliable. However, the publisher cannot
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not purport to offer personalized investment related advice.
The publisher does not determine the suitability of the advice
and recommendations. Each person should determine whether such
advice and recommendations are suitable and whether they fit
within such person's goals and portfolio.
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