Gunnison Copper Corp V.GCU

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

Metals & Mining Industrial Metals & Minerals

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 > obviously someone saw this coming

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Comment by Schillon Jul 17, 2013 7:33pm

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Post# 21614197

RE:RE:obviously someone saw this coming

At first sight this looks that way but if I look at the market, I can not agree. What should they do in this market? Waste money on Fierro and Moritz? What can they do with Gold below 1300 in an intact downward trend and no cashflow?
IMO there is no chance at current market conditions to finance such projects.
It's the question how many gold projects at these prices will become reality anyway. Seems the supply of new gold is slowly drying up in the next few years.

First gold would need to show that the secular bull market is NOT over. Then the miners can recover and after some time of rising profits, the juniors will come to life again and money will flow into the sector for financing.

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