And if you thought the first two bits of news out of EXN were bad enough, there’s now more. The famous deal with Hecla (HL) to run its ore through EXN’s Miguel Auza mill is off, because incredibly EXN’s mill doesn’t have a copper circuit and nobody bothered to tell Hecla (San Sebastian rock always comes with Cu in its sulphides). When HL got the first conc back from EXN recently, they had to send it to another plant to process it again because otherwise there was no way of knowing Zn or Pb recoveries.
The company should halt its own stock immediately and tell the market the truth about its comedy of errors. And then management should resign en masse.