Excelsior Mining Ord Shs T.MIN

Alternate Symbol(s): EXMGF

Metals & Mining Industrial Metals & Minerals

Gunnison Copper Corp., formerly Excelsior Mining Corp., is a Canada-based mineral exploration and development company. 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 Gunnison Copper Project covers approximately 9,560 acres of land, and it is located in Arizona, United States. The Johnson Camp Mine operation includes two open pits, a fully functioning SX-EW plant capable of producing approximately 25 million pounds of cathode copper per year. The Strong and Harris copper-zinc-silver deposit is located around 1.3 miles (2.4 kilometers) north of Excelsior’s Johnson Camp SX-EW facility.

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Excelsior Mining Ord Shs

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Post by CuJunioron Oct 08, 2015 11:37pm

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Post# 24177933

Is it impossible for Excelsior to borrow money?

Why did Excelsior dilute the shareholders? Is it impossible to borrow even $12 million? How will the mine be financed? More dilution? Greenstone is buying this cheaply! I know that if I wanted to buy millions of shares, I would have to pay more than today's price to get them.

I feel like I need to buy more shares now to undilute myself, which I guess is fair enough. BUT, I would like to know if it actually is impossible for Excelsior to get a loan. The project looks so profitable, would a bank turn them down?

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