Excelsior Mining Corp T.MIN

Alternate Symbol(s): EXMGF

Metals & Mining Industrial Metals & Minerals

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.

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Excelsior Mining Corp

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Comment by ArizonaBillyon Jun 26, 2017 7:25pm

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Post# 26407444

RE:RE:RE:When taking off?

Just a thought, but what I think is holding the SP back is the potential for significant dilution.

If that $49 million USD is all funded from shares, we could be looking at another 75 million or so shares added to the issued and outstanding. That's not good for us longs.

Based on previous conversations I've had with Steve, they would like to fund the development through debt. I'm thinking, however, that Greenstone won't have any problem with a share issuance since they will probably be the one buying them.

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