Bullboard - Stock Discussion Forum Excelsior Mining Corp T.MIN

Alternate Symbol(s): EXMGF

Metals & Mining Industrial Metals & Minerals

Excelsior Mining Corp. is a Canada-based mineral exploration and production company. The Company owns and operates the Gunnison Copper Project in Cochise County, Arizona. The Gunnison Copper Project is an in-situ recovery copper extraction project that is permitted to produce approximately 125 million pounds per year of copper cathode production. The Company also owns the past producing Johnson... see more

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Excelsior Mining Corp > $4/Pound Remains a valid target

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Post by rexrex on Feb 17, 2021 12:57pm

$4/Pound Remains a valid target

https://www.investingcube.com/copper-price-retreats-on-profit-taking-but-4-pound-remains-a-valid-target-commodities/

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Comment by rexrex on Feb 17, 2021 12:57pm

Copper prices are trading lower this Wednesday, as investors capitalize on the rising US Dollar (the counter asset in the XCUUSD pairing) to take profits. A more expensive dollar makes dollar-denominated commodities more expensive for buyers that require conversion of their local currencies to the greenback (such as China and Europe). This typically tends to cause demand to cool, leading to a drop ...more

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Comment by rexrex on Feb 17, 2021 12:58pm

The chances that the US Congress will pass the $1.9trillion stimulus package is high, and coronavirus vaccinations continue in the UK and US at a steady pace, prompting optimism for recovery. Furthermore, inventories remain low, and even the Chinese New Year holiday which typically presents a drop in demand has not translated to a build-up of inventories. Therefore, returning factories in China ...more

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Excelsior Mining Corp