Gunnison Copper Corp T.GCU

Alternate Symbol(s): GCUMF

Metals & Mining Industrial Metals & Minerals

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.

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Gunnison Copper Corp

Bullboard Posts

Comment by CuJunioron Dec 02, 2017 2:39pm

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Post# 27078285

RE:the bill could cut the corporate tax rate from 35 to 20-22%

I did not think this tax bill would pass, but now it looks like a sure thing.

All figures in USD:
Over the life of the mine, Excelsior was going to pay about 35% federal tax and 5% state tax, for a total tax bill of about $1.5 billion.

Now it will be about 20% federal and 5% state, so a new rate of about 25%.

The total tax over the life of the mine will be about $980 million, so a savings of $520 million.

NPV will slam this savings figure down to about 1/3, so about $170 million.

That is about our current market cap, isn't it?

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