Gunnison Copper Corp V.GCU

Primary Symbol: T.GCU Alternate Symbol(s): GCUMF

Metals & Mining Copper

Gunnison Copper Corp., formerly Excelsior Mining Corp., is a copper development company. The Company operates in Cochise County, Arizona, and is focused on delivering pure copper cathode into the United States domestic supply chain. The Company’s projects include Gunnison Copper Project, the Johnson Camp Mine, and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits, in Cochise County, Arizona. The Strong and Harris copper-zinc-silver deposit is located just 1.3 miles (2.4 kilometers) north of Gunnison Copper’s Johnson Camp SX-EW facility. The Gunnison Project which incorporates a large open pit of predominantly copper oxide mineralization approximately two kilometers south of Johnson Camp Mine (JCM). The Project is a copper cathode and is designed to produce around 167 million pounds of copper cathode annually.

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Gunnison Copper Corp

Bullboard Posts

Comment by Gladtidingson Dec 11, 2010 1:04pm

502 Views

Post# 17833762

RE: RE: The run is done??

I like your enthusiasm as I am a shareholder as well. But rationality is based on conventional wisdom which says that Inferred Resources are valued at $20 per oz in the ground. Measured and Indicated Resources are given a valuation of $40 per oz. Only when it is Proven and Probable does the valuation rise up to $160 per oz. GCU has not given any indication of NS-401 complaint reserve figures. So hypothetically, if we give a 5 million oz projection (which some analysts like Bob Moriarty has stated), GCU at this stage is worth only $100 million.I stand corrected of course.

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