RE:I Need HelpJJ told me last Friday that Excelsior has $20 million cash in the bank. He indicted that it is more than enough until copper is produced barring some significant unforeseen circumstance.
It is my understanding that the large copper mines in Arizona produce their own acid for each mines use. Meaning that they don't have to rely on outside suppliers for their acid and are, therefore, still operating. Excelsior anticipates constructing its own acid plant in Stage 3 of the mine plan.
Until then, acid availability is subject to the vagaries of the acid market.
There is a spot market in Asia for acid but the location of sufficient quanties and transportation costs have to be measured in.