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Gunnison Copper Corp V.GCU


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

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.


TSX:GCU - Post by User

Bullboard Posts
Post by sting73rayon Feb 22, 2011 8:40pm
522 Views
Post# 18177204

Why assume?.....

Why assume?........That the warrants are what is holding us back?? The 8 million warrants would have to be exercised and then susquently sold on the open market in order for your scenario to hold true. But why would warrant holders do this, given they're 2 year (now 1.5 year) expiry, and the fact that the are in the money by about a $1.50?? So it costs nothing to hold them, where as it does to sell them. I don't believe this downward pressure is due to the outstanding 8M in warrants @ .65....just doesn't add up, and then you can add on the fact that they are institutionally held. It's someone else selling....soon we will see how this all plays out...
Bullboard Posts