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Gunnison Copper Corp 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

Bullboard Posts
Comment by CopperWaveon Nov 18, 2015 9:18pm
114 Views
Post# 24303535

RE:RE:RE:RE:RE:Any news about the property?

RE:RE:RE:RE:RE:Any news about the property?
The market speaks for itself -- the SP has been declining ever since the deal began. It only hit .23 and lower most likely because the financing priced this stock at .23/share. The other major downfall of this deal is that Greenstone now owns a huge majority of MIN. You and I will most likely never see a 10 bagger, let alone a 2 or 3. You do realize that Greenstone isn't your average investor? They are a private fund with legal duty to nobody else but the investors that own their fund. Realistically, with the amount of money they have invested into MIN, any sane private fund would vote to have MIN taken over at a 30% premium. They aren't playing with pocket change. Private funds tend to be legally bound to make the right decisions to provide an average return for their investors based on certain levels of risk. A private fund with as much invested into one single stock as they do would mostly not reject a 30% or so premium - especially in the horrible metals market that we are in. You have to remember that 30% is alot for what they have invested. Most funds are lucky to have on average a 6% yearly return. I own a sizable amount of shares of MIN and have been a shareholder for a few years, so don't think for a second that I'm trying to bash this deal for no reason. In summary, the copper market is in the dumps and hit 6 year lows, and Greenstone, a private fund, owns a majority stake in the company. They will have to cut the risk in their investment profile sooner or later, and don't think for a second that a private fund would not snap at a takeover bid. I am not the only one disappointed with their majority ownership in the company. The more you speak of 10 bagger LCP, the less credible you become as it seems like nothing more than dreaming. Maybe last year this was possible, but if you've been following the markets and the economy, it is most likely impossible at this point.
Bullboard Posts