EXMGF - Excelsior Mining: First Copper Was Sold But There Remains A Lot Of Work Ahead
- Excelsior Mining announced the sale of first copper produced at its Gunnison mine.
- The modifications were successful and the production rate of 25 million lb copper per year should be reached later this year.
- The expansion to 125 million lb copper per year should follow.
- The expansion will highly probably lead to significant share dilution.
- The after-tax NPV(7.5%) is over $1 billion at the current copper prices, which leaves triple-digit upside potential left, even if significant share dilution occurs.
For further details see:
Excelsior Mining: First Copper Was Sold, But There Remains A Lot Of Work Ahead