From GREG McCoach, posted on SH board

GM: Excellon is a very, very fascinating situation. It's been a long-term recommendation in my newsletter. We originally bought it years and years ago at 15 cents. It ran all the way up to two bucks. We made lots of money on that one. It went right back down again with the meltdown. The company is starting to creep up again.
They recently did a deal and acquired a mine, which they needed to help them on the production side, which was a good move for the company. Unfortunately, they had to give away a lot of shares, so the company has a dilution problem right now and I'm not quite sure how they're going to handle that. At Platosa, their main project, they keep discovering more ore and the type of geology that this deposit represents is called a carbonate replacement system. These are the biggest silver deposits in Mexico in the most prolific silver mining belt of the world. It's right smack dab in the middle of this.
You get into the carbonate replacement system and it's like elephant hunting. Excellon has hit the trunk of the elephant and they're working their way up the trunk and I believe what is going to happen is they're going to hit the body of the elephant. When they hit the body of the elephant, all hell is going to break loose because that stock will just go through the roof.
They acquired Silver Eagle Mines, which I thought was a good deal and it gives Excellon a lot of other good exploration properties; but, more importantly, it gave them a production facility where they could process their ore. They're trying to get their own mill up and running at Platosa and that should be done, hopefully, end of '09, early '10.They will have the shares outstanding, but once they get the cash flow going, if the share price doesn't go higher, the company could just start buying back their own shares cheap with the profits they have, reduce the number of shares outstanding. They could do a rollback, which I wouldn't be in favor of as an existing shareholder. One way or the other, Excellon will continue to move higher as they make further discoveries at Platosa, so it's still a buy