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

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Comment by ArizonaBillyon Nov 01, 2019 3:40pm

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Post# 30298980

RE:RE:14% interest = something to think about

This stand-by line of credit authority is part of a prudent corporate financial management strategy.

Excelsior's latest financial statement (June 20, 2019) indicated a cash balance of more than $37 million. Management has continually said that they are "on time and on budget". Other than some fine tuning at the Johnson SX/EW plant, this project is essentially complete.

I wouldn't characterize it "another disappointment". In fact, I haven't seen anything caused by management over the last several years that qualifies as a "disappointment". Please let us know what you're referring to.

Other than the placement fee, this line of credit costs nothing unless used.

Bullboard Posts

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