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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 Richiechileon May 15, 2021 6:22am
407 Views
Post# 33209408

Excelsior new release

Excelsior new releaseA good clear statement from Excelsior. Excelsior is producing copper and working through the C02 issue. The summer months will help improve evaporation capacity. The calcite is finite so the CO2 reduction in flowrate is temporary and can be reversed. The company has US$31m of cash so plenty of time. Some posters are enjoying their schadenfreude but this will be temporary. Major catalyst will be Excelsior showing they have one of the five spot injection/recovery wells at C02 breakthrough (leaching copper at full flowrate). When that happens this stock is going to bounceback very strongly. I suspect it will be another 2-3 months before results of the optimisation flow through. Very confident the copper price will stay elevated for a long while. Everyone will make their own risk/reward assessment but looks pretty compelling to me at the moment.
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