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Excelsior Mining Ord Shs T.MIN

Alternate Symbol(s):  EXMGF

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.


TSX:MIN - Post by User

Bullboard Posts
Post by CuJunioron Feb 20, 2016 12:08am
156 Views
Post# 24577353

I'm not convinced that there is strength in the copper price

I'm not convinced that there is strength in the copper priceFirst Quantum and other miners, including MIN, have zipped up - but based on the hope that copper prices are going to rise significantly and soon.  Of course anything is possible, but I don't see strong evidence for a quick rise. 

I think the rise in MIN is justified, but not because of copper prices, but because of the PFS.  I think FM and others might begin to fall again, and bring the price of MIN down with it. 

I was a buyer of MIN at .19, and even higher, but now I am not sure.  Long term it will go much higher, but why buy now if it will go lower first.  There is always that risk that it only goes up from here and this is the last chance to get in around .27 - .28!

It is always hard to know what to do.  I am still thinking about this.  I just raised more cash to invest, but that was when I thought the price was around .22, not .28!  Good thing I have already reached my goal of a million shares, now I am just greedy.
Bullboard Posts