Dear Shareholders and Friends,
In a recent interview with The Gold Report, Mike Niehuser, founder of Beacon Rock Research, commented on Excellon Resources Inc. Mining stocks may have moved from a bear market to a place where they are becoming contrarian plays, says Mike, opening opportunities for value investing. With the concept of "too big to fail" unknown in the mining world, the field of companies is shrinking, making room for potential winners. In this interview, Niehuser warns that companies need more than good projects and cash to outperform their peers and details a dozen miners that should be on investors' radar screens. Below is a quote from his interview:
"One company that I met with at the Denver Gold Forum was Excellon Resources Inc. Excellon has a very high-grade silver deposit, not unlike a Mexican Alexco. Excellon recently successfully resolved issues and has rapidly increased cash flow, which is building its balance sheet, and several years of net operating losses to defer taxes. Depending on the rate of production, Excellon has 7 to 15 years of production and what appears to be an excellent exploration profile."
To view the full article, please visit the following: � http://bit.ly/ILUFHB
Mike Niehuser is the founder of Beacon Rock Research, LLC, which produces research for an institutional audience and focuses in part on precious, base and industrial metals, oil and gas and alternative energy. Previously a vice president and senior equity analyst with the Robins Group, he also worked as an equity analyst with The RedChip Review. He holds a bachelor's degree in finance from the University of Oregon.
Regards,
Nisha Hasan Director, Investor Relations |