Bullboard - Stock Discussion Forum Gunnison Copper Corp T.GCU

Alternate Symbol(s): GCUMF

Metals & Mining Industrial Metals & Minerals

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

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TSX:GCU - Post Discussion

Gunnison Copper Corp > Copper at record high so MIN should be ok

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Post by disosa on May 05, 2021 1:04pm

Copper at record high so MIN should be ok

but we are going down everyday.. Is this a scam?or just some problems that can be sold? Can someone give an objectieve summary?

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Comment by metalhead666 on May 05, 2021 1:49pm

I have...many times...the geology prohibits them from extracting copper. They never built a pilot plant but went ahead not understanding the obvious problem of injecting acid on carbonate rock....it fizzes!

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Comment by disosa on May 05, 2021 2:38pm

But can they fix this?or is this a permanent problem?

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Comment by metalhead666 on May 05, 2021 4:03pm

Maybe, maybe not....the point is they never anticipated it which says all I needed to know about their competency. The risk to you is that they can't in which case this prints a zero. So why take that risk?

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Comment by metalhead666 on May 05, 2021 4:07pm

You cannot "fix" the geology or the rock type which is the source of the problem. They should have known. They should have built a test plant....they didn't. They've only been burning through cash and diluting the stock. This is a toxic mix.

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