Gunnison Copper Corp T.GCU

Alternate Symbol(s): GCUMF

Metals & Mining Copper

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.

TSX:GCU - Post by User

Gunnison Copper Corp

Bullboard Posts

Post by Sogosohubidu201on Feb 24, 2020 2:51pm

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Post# 30727300

Reward and Risk - MIN.TO

Per MIN.TO technical report (Table 22-4 Financial Analysis Base Case), Cash flows after tax are (at $2.75 USD per pound of copper price):

Year 1 - 2020: $3 millions
Year 2 - 2021: $5 millions
Year 3- 2022: -$80 millions (caps required for next phase)

The above cases are based on the best possible outcomes. With delay for the copper out, MIN will likely lose money in 2020. Even with the best outcomes, the numbers per MIN technical report are not impressive for a market cap of over $200 millions Cdn. currently at share price of 0.86 for 2020, 2021 and 2022.

But, what willl happen, if they run into major operational issues? After all, MIN only has one asset, one mine, and its operation is unconventional. if so, It is not going to be pretty. The risk and reward do not justify a buy at current price.

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