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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

Comment by Geospoton Mar 01, 2013 1:41pm
173 Views
Post# 21063499

RE: RE: RE: Price

RE: RE: RE: Price

I would think that in a situation like this, where the sp has been cratered by redemptions forcing a fund into desperation selling to raise cash, that conventional notions about premiums go out the window. Even a good discount to a reasonable per oz in the ground price could make an acquirer look like a hero to his shareholders as this is still being considered one of the premium properties in Canada. However, management still seems very confident in the PEA and a rapid return of valuation so I think they woud resist a lowbal offer, and I'm no expert in how a producer would set up a hostile. Really hard to figure any of this out rationally at the moment. For example, if Mitsui and JOCMEG proceed with the REEs, and if as has been stated publicly there is "significant" value there, that would need to be structured. But clearly someone is picking up a lot very cheap shares.

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