Post by
rexrex on Feb 25, 2021 9:57am
This is a $30 Stock
The reason many are still holding is that they know that this is a $30 stock in two to three years. The opportunity cost of holding Excelsior while the market is making huge gains is painful. While Excelsior may rise soon, I am not sure if it will compensate against the large moves made by the other stocks in this bull market. I tell you, this stock is one for the text book, even the left for dead stocks are making huge gains, while Excelsior just sits stagnant on a huge copper deposit of 4.5 billion pounds doing nothing. At $4.30 copper, the gross value of the deposit is $19 Billion. Yes that is right $19 Billion US dollars. The long term investors are scratching their heads that why is this stock so underpriced, while the new investors want to come in but are hesitant. You see the management's Corporate presentation is so thin that it just doesn't give the project justification. The first thing that I look at when I am about to buy a stock is how much info is readily available before pulling the trigger to buy. I think if management made a little effort in updating their corporate presentation and just be detailed about everything than the share price will move. Take something simple like production of 125 million pounds of copper annually. How much is that worth in actual dollars at current prices, It doesn't say. 125 million pounds on annual production at $4 copper is $500 Million US dollars. That's half a billion dollars in revenue at full production. Even the initial nameplate production of 25 million pounds per annum at $4 copper is $100 million US dollars in revenue just as a kick start. I feel that when I look at the corporate presentation it just doesn't feel right of a great company like Excelsior. It should give some more colour. Some more pictures, compare against some producing mines etc. The lack of news update and just the lack of readily available is mind boggling. This is painful to watch. What a great job management has done bringing the company from exploration to producer status. Even thus bit of info such as a timeline when they hit each milestone is missing from the presentation. This is a great copper play, worth more than it is trading at today. Imo.
Comment by
rexrex on Feb 25, 2021 11:21am
Thanks Lazer, appreciate your response. Noted on the rose coloured glasses. Rex.