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Excelsior Mining Corp T.MIN

Alternate Symbol(s):  EXMGF

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.


TSX:MIN - Post by User

Bullboard Posts
Post by LittleChampionon Jul 04, 2019 3:05pm
263 Views
Post# 29887413

Copper

Copper Deficits are already here (200,000 tones in 2018 or 1% of market, and 30,000 tones so far 2019) and will get larger. Demand and supply are heading in opposite directions. Even if demand flatlined, supply will not keep up. These guys at Goehring & Rozencwajg Resources Fund are super bullish, think $5-$7 a pound is likely and have done more empirical work than anyone in this board. They believe demand will not flatline, but surge, due to 3 factors. Each factor offers a significant increment in demand over and above the 2-3% growth rate already factored in to the models. If any of the 3 increments comes true, copper demand growth doubles. Copper is being traded by contract traders who have priced in the WORST CASE scenario of the trade war. Money managers  are on the sideline waiting to jump in copper equites as soon as tariffs are removed from China. Must watch TV below of their analysis- https://youtu.be/CTLQ7nOj2HU


Y
es, Goehring & Rozencwajg Resources Fund own a lot of EXCELSIOR 
Bullboard Posts