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Gunnison Copper Corp T.GCU

Alternate Symbol(s):  GCUMF

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

Post by brundallon Mar 13, 2021 2:12pm
307 Views
Post# 32793200

Pounds in the ground have not changed....

Pounds in the ground have not changed....It'll just either take a bit longer to extract or a bit more cost for the same output - so who really cares. Well, penny flippers and shorters that's who.

If it takes double the time per well to extract the copper while using a similar amount of acid then nothing has really changed except for a small bump in operating costs. They might just add twice the initial well heads than they expected to and simply run them twice as long. 

I fully expect them to get to their stated output by year end - approx 2 million pounds in December by spending more money upfront on wells/labour/power etc.

$4 copper gives them $8 million per month in revenue at that point in time. That's $100 million in 2022 at the bare minimum flowing in.

I'm in for a piece of that action.


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