Excelsior Mining Corp T.MIN

Alternate Symbol(s): EXMGF

Metals & Mining Industrial Metals & Minerals

Excelsior Mining Corp. is a Canada-based mineral exploration and production company. The Company owns and operates the Gunnison Copper Project in Cochise County, Arizona. The Gunnison Copper Project is an in-situ recovery copper extraction project that is permitted to produce approximately 125 million pounds per year of copper cathode production. The Company also owns the past producing Johnson Camp Mine and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits. Its 100% owned Johnson Camp Mine is located over one mile from the wellfield. The Strong and Harris copper-zinc-silver deposit is located about 1.3 miles north of its Johnson Camp SX-EW facility. The Company is also evaluating the oxide and sulfide potential of all of its mining assets.

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Excelsior Mining Corp > PI Coverage Initiated

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Comment by rexrexon Feb 25, 2021 5:27pm

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Post# 32666916

RE:PI Coverage Initiated

PhotonicsGuy wrote: Two things I don't like about it...

1. They used LOM AISC of $2.10/lb, which is ~60% higher than what MIN used in the FS. Basically, they included all the expenses of Stage 3 Capex without including the resulting copper produced under Stage 3, which is unfair IMO.

2. They used a Discount Rate of 10% instead of 7.5% for NPV calcs, which I think is too conservative. MIN is on the cusp of production with all risks accounted for (permitting/financing/construction) with the exception of some remaining execution risk.

PI Coverage Link

Thanks PG, lots to read here. I am sure many are happy with this report. It puts Excelsior as a potential takeout candidate. I will read more before posting. Thanks again

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