GREY:PCCRF - Post by User
Post by
elgin1on Aug 13, 2012 7:04pm
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Post# 20212934
Coppertopper1
Coppertopper1 Coppertopper1
I just looked into to Exccelsor V.min and they do not have a PEA..... just started to drill wells to do hydological testing. maybe if lucky at the earliest will have by 1st quarter of 2013. Dont have alot of well data for permits either. Also in June managemnet financed $1 million dollars with 3 million shares at .30 and a whole alot of warrants at .50......... at least curis preserved shareholder value by using $24 million of their own money to buy the land, $40 million to build phase 1 of the mine WITHOUT share dilution. How is Excelesor going to pay for the mine? Maybe when they have a valid PEA and are close to finalizing the permit process they might begin production - maybe just maybe in 2015 or 2016.,