Excelsior Mining (MIN.TO) has received the Aquifer Protection Permit from ADEQ, the Arizona Department of Environmental Quality. The importance of this milestone should not be underestimated as it was one of the two remaining permits. This means Excelsior Mining now just needs a final federal permit, the only permit still […]
The Arizona Department of Environmental Quality has now officially issued a draft Aquifer Protection Permit for Excelsior Mining’s (MIN.TO) Gunnison copper project. In our previous report, we already emphasized how important the permitting process is for Excelsior Mining, as we feel it’s the only reason why the company’s market capitalization […]
Let’s start with a flashback to 2011. We met with the CEO and Vice-President of Excelsior Mining (MIN.TO) in Paris, where the company was presenting its business case to a group of France-based financiers. We liked what we heard and saw, and spent several hours with Stephen Twyerould after the […]
Excelsior Mining (MIN.V) has announced an update to keep the market up to speed on its attempts to complete a feasibility study on its Gunnison ISR copper project in Arizona. The metallurgical test work (which is an important piece of the puzzle as a 5 or 10% change in recovery […]
We were surprised to see the market’s reaction on the results of Excelsior Mining’s (MIN.V) Pre-Feasibility Study in January and recommended to sell the shares at a price of C$0.53. As the share price has dropped by 31% to the current price of C$0.365, it might be a good idea […]
Excelsior Mining (MIN.V) has released an excellent pre-feasibility study last Friday which sent the share price soaring to an almost 2 year high. Even though the PFS shows excellent economics, we are surprised by the market reaction, as there has been no material change since the PEA. The higher NPV […]
Excelsior continues to de-risk the ISR copper project, and the upcoming PEA should put the company on the radar. We expect several additional hydrological test holes to be completed over the next year, and each one should add more confidence to the project.