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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
Post by CuJunioron Nov 20, 2015 8:05pm
160 Views
Post# 24311327

Now I'm glad there is no debt

Now I'm glad there is no debtDespite my whining in previous posts about management diluting the company by issuing shares instead of trying to get some financing, it now looks like it was the much safer course of action.

With this falling copper price, MIN does not have to worry about making payments on debt like virtually every other copper company - both juniors and seniors.

It does not look like there is too big of a threat of bankruptcy, like there is for a lot of other companies with heavy debt loads.
Bullboard Posts