RE:RE:RE:Excelsior to Purchase Johnson Camp Mine and Raise US$12MIf you look at the mine on Google Earth you can see the plant, tailings piles, and some settling ponds. The mining appears to have been from shallow pits- there are two rock outcrops that appear to have been active.
I suspect the mine shut down for a reason. I don't think MIN needs to find more ore- they need a cost-effective way to production of the Gunnison deposit.
This development appears to be highly accretive dilution. I have no problems with this at all.