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Bullboard - Stock Discussion Forum Excelsior Mining Corp T.MIN

Alternate Symbol(s):  EXMGF

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... see more

TSX:MIN - Post Discussion

Excelsior Mining Corp > Feedback appreciated on this calculation.
View:
Post by ArizonaBilly on Jan 07, 2021 10:58am

Feedback appreciated on this calculation.

Are my calculations reasonable?
 
25,000,000 pounds per year.
 
80 pounds per cathode sheet.  (I believe that's what each sheet weighs.)
 
Works out to 312,500 sheets per year or 26,000 per month.
 
868 sheets per day (30 days) and 36 sheets produced per hour (24 hour operations).
 
868 times 80 pounds per sheet is 69,400 pounds per day.  At $3.50 per pound (currently) that’s about $242,000 in daily gross revenue.
 
Sound about right?  The big questions are how many pounds are being produced per day now and how quickly will MIN be able to get to the 25 million?
Comment by Tartam on Jan 07, 2021 12:22pm
Sounds about right to me AZ. That, however raises the question why is the stock price not climbing commensurate with all the good news? The company has to get out and let investors know what Excelsior is doing, kinda like peeing yourself in the dark; you know whats going on but nobody else does!
Comment by fishmillion on Jan 07, 2021 12:51pm
Meathead.. we need you to make another call to the secretive JJ.... find out just what the fk is going on....
Comment by IgnacioCashmere on Jan 07, 2021 2:49pm
Self aggrandizing is not Excelsior management's style of business. There few news releases about what is going on are always woefully short on details & lacking in the specifics most junior miners happily share. That's just the way it is with this team, for whatever reason. They wont be creating FOMO or MOMO with their words. We are still below the peak we hit before any cathode was ...more  
Comment by ArizonaBilly on Jan 07, 2021 1:04pm
JJ just confirmed that the weight per cathode sheet is 100 pounds.  
Comment by Tartam on Jan 07, 2021 1:36pm
As my grandson would say, "that's much more better"!
Comment by fishmillion on Jan 07, 2021 9:10pm
Thanks billy for checking with JJ..... me.... i take 1 sheet a day x 365 days ... so 365 sheets a year.... at 1.5 lb per sheet ( verified by jj).. for a total production of 580 lbs .... now a forecasted price of $4/lb... or $6/ sheet... should be in the green about $2400....
Comment by fishmillion on Jan 08, 2021 12:42pm
Or in a whole pile of sheet
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