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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

Post by Geospoton Feb 27, 2012 11:31am
475 Views
Post# 19591209

This is good

This is good

Certainly management is relieved to have close to 4 mil. Over 3 mil is magic and when you look at the indicated relative to the inferred plus the grades and the silver credit...we couldn't have hoped for much better on a first estimate of the portage zone/connected to other zones model. TRR and their much discussed 6+ million, for example, turns out to be just 0.9 mil indicated at .82 grams (GCU's grades are more than 50% higher) and they still have a $450 mil market cap. The company's hallmark is conservative statements--under promise and over deliver--so it is also very encouraging to read Quinton's quote. Quickly adding ounces to this solid resource is what the analysts will look at. Three million is also often cited as the magic number for majors to consider a take-out, so from today we can consider GCU in play. All of this of course in my humble opinion.

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