RE:RE:Excelsior Financial Projections at $4.05/lb CuHi Metalhead666,
We are currently in the 'ramp up phase', and Excelsior will take 1 year to reach nameplate production. Any technical issues will be dealt with during this year. The recent note from our CEO (see below) highlights optimism!!
Maybe you haven't read the company news release at the end of January (Thursday Jan 28th 2021), I'll post it again below for you to read (some of the highlights). Looks good to me, a bit slow progress and unfortunate delays, with the Covid 19 outbreak that cannot be helped. First and foremost, with companies in todays modern era 'safety is priority'!
This was an extremely positive note from Stephen Twyerould!
Highlights include:
* A total of 90,000 pounds of copper cathode were sold under the off-take agreement with Trafigura Trading LLC (see Excelsior news release dated March 11, 2020 - Excelsior Mining Completes Copper Cathode Offtake Agreement).
* Assays confirm that the copper content achieved 99.998%; copper purity is projected to achieve 99.999% ("five-nines copper") as per the feasibility design, for all future copper harvests.
* Excelsior anticipates achieving the nameplate production rate of 25 million pounds per annum later this year.
Stephen Twyerould, President & CEO, said, "Copper sales are expected to steadily increase as we advance the Gunnison ramp-up towards full production. I congratulate our entire team, and in particular the SX-EW operations crew on achieving this notable milestone. Our SX-EW processing facility has been on care & maintenance for several years; therefore, the initial high quality of the Gunnison Project cathode is remarkable and reflects our commitment to achieving technical excellence throughout all aspects of our business."