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Bullboard - Stock Discussion Forum Excelsior Mining Corp T.MIN

Alternate Symbol(s):  EXMGF

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

TSX:MIN - Post Discussion

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Post by Richiechile on Oct 21, 2021 1:46am

Webinar

Well presented webinar. Much clearer understanding of the strategy going forward. The restart of the Johnson camp pits and conventional leach has to be worth $1/share (125mlbs x $2/lb margin). Gunnison ramped up worth $5/share (NPV of $1bn). Catalysts for me are i) Integrated study with pit restart ii) extending/ refinancing debt iii) pit restart and positive cashflow in 2022. In respect of Gunnison Excelsior can solve the flowrate but constrained on evaporation capacity. Raffinate treatment will solve flowrate for the whole wellfield. No mention (yet) of ramping up PLS grade and flow rate to design levels on the "calcite mined" 5-spot. Once Excelsior can demonstrate sustained flowrates on acid leaching and PLS grade reaching design on the calcite mined 5-spots this will fly. Keep fighting and look forward to more webinar updates...
Comment by Richiechile on Oct 21, 2021 3:32am
Prices per share in my previous post in US$. In Canadian C$1.25 and C$6.25 with Strong and Harris on top! Bring it on...
Comment by speedoflight on Oct 22, 2021 3:27pm
Investors were looking for some positive news but based on the overview provided they didn't get it. Johson camp is still on care and maintenance , Gunnisson requires a infastructure upgrade costing $ 13 mil. From the Q&A there were a few snippets of information provided that when you put them together gives us some hope. It was reported back on Sept 9th that the flow ratesfrom 5 test ...more  
Comment by willyk3 on Oct 22, 2021 3:35pm
Thanks for the info.  I missed the webinar and was hoping there would be a link on the website but havent been able to get it There is at least a plan and some progress...so with my positive outlook on copper intact I am willing to stick it out for a while  GLTA
Comment by Lazer65 on Oct 22, 2021 4:17pm
Register and then you can watch it. Over an hour long and a lot of good information. Webcast
Comment by Lazer65 on Oct 22, 2021 4:15pm
Yeah, I caught that and it worries me that they're promoting that the flow rate is 1000% better but not pointing out that it's only 1/3 of where it needs to get to. I think this is dead money for 6-9 months. It's going to take many years to get Gunnison to 25M if it even gets there. 125M is way off. Maybe in the 5-10 year range. I'm out for now, taking a loss, will keep an eye on ...more  
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