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Excelsior Mining Corp T.MIN

Alternate Symbol(s):  EXMGF

Excelsior Mining Corp. is a Canada-based mineral exploration and production company. The Company owns and operates the Gunnison Copper Project in Cochise County, Arizona. The Gunnison Copper Project is an in-situ recovery copper extraction project that is permitted to produce approximately 125 million pounds per year of copper cathode production. The Company also owns the past producing Johnson Camp Mine and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits. Its 100% owned Johnson Camp Mine is located over one mile from the wellfield. The Strong and Harris copper-zinc-silver deposit is located about 1.3 miles north of its Johnson Camp SX-EW facility. The Company is also evaluating the oxide and sulfide potential of all of its mining assets.


TSX:MIN - Post by User

Bullboard Posts
Comment by morriconeon Jul 07, 2015 1:52pm
144 Views
Post# 23899329

RE:RE:RE:What risks are left?

RE:RE:RE:What risks are left?
The bigest risk is financing and whether they can get all the money they need without giving away the farm. The problem is that resource prices are in the toilet - just look what copper has done this week - and all the talk about an upcoming shortage is laughable, just speculators and pumpers trying to light a fire at the north pole without any wood.  Too much uncertainty with China and so right now anyone with lots of money would rather put it into real estate or high tech/software. Everyone wants to own a piece of the next Google, no one wants to own a copper mine.  

Yes it will turn around some day and resource investments will shine again, but I suspect we'll have to have a high tech blowout to send the money in new directions before that happens. In the meantime I believe MIN is going to have tough sledding trying to raise all the money they need.
Bullboard Posts