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Bullboard - Stock Discussion Forum 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... see more

TSX:GCU - Post Discussion

Gunnison Copper Corp > Lighting Ignition ENGINE ON !!!
View:
Post by rexrex on Dec 21, 2020 9:26am

Lighting Ignition ENGINE ON !!!

Phoenix, Arizona--(Newsfile Corp. - December 21, 2020) - Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") is pleased to announce first copper cathode production has been achieved at the Gunnison Copper Project in Arizona. Highlights include: Copper cathode production has commenced; The wellfield optimization program has expanded to include more production wells; additional time will be required to bring the entire wellfield into production; First copper cathode sales are anticipated for January 2021. Stephen Twyerould, President & CEO, said, "I am happy to confirm that Excelsior Mining is the newest copper producer in the United States. I congratulate our entire team on successfully achieving this milestone while maintaining our excellent safety record and upholding our commitment to responsible mining. Our focus for the coming quarter will be on expanding wellfield operations with the goal of achieving full, nameplate, capacity of 25 million pounds per annum by late 2021. Finally, in consideration of the timing of this news, I want to wish all of our stakeholders a safe and happy Christmas season." First Copper Video & Photos: A video and photos of first copper cathode production can be viewed here.
Comment by Mikemike on Dec 21, 2020 9:46am
Sell the news, but congrats to the team
Comment by Buckfinder on Dec 21, 2020 10:02am
Yes old rule - sell the news BUT in this case the increase does not reflect the value so nothing about taking profits with being massiv undervalued in comparison to peer group! So one can expect a short profit taking (hours to days) and then the fact of a massiv undervaluation will take overhand ! glta 
Comment by marketsense on Dec 21, 2020 12:30pm
Great point Buck and agree 100%.   This morning spike caught me off guard as it happened before I got up.  I live on the West coast so typically,   these things happen early in the morning like 6.30 am.     It looks like MIN handled the trading spike on the news fairly well with a spike and then a  quick sell down.  Opportunity to reload for those who were ...more  
Comment by sparkdog on Dec 21, 2020 10:09am
I'm a contraian.....I'm buying the news. 
Comment by comet52 on Dec 21, 2020 12:29pm
Eric Coffin's take on this news: Excelsior Mining (MIN-T, EXMGF-Qx; off 4 cents on 268k shares at $1.12) On the good news front, Excelsior announced this morning that it has achieved its first copper cathode production at Gunnison. It was a short release, written to mark the milestone and give shareholders a bit of Christmas cheer. The stock isn’t reacting much since there is nothing ...more  
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