We were surprised to see the market’s reaction on the results of Excelsior Mining’s (MIN.V) Pre-Feasibility Study in January and recommended to sell the shares at a price of C$0.53. As the share price has dropped by 31% to the current price of C$0.365, it might be a good idea to once again pick up some shares and re-initiate a position now the market has calmed down.

Disclosure: The author holds no position but will re-initiate a position soon. Please see our disclaimer for current positions.

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