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Message: I know you don't like Grandich Chris but....
He was commenting on MIN though so I thought you might be interested.Note what gets said about MIN vs CUV.fwiw obviously. I mentioned Mark in my recent resignation from Sunridge and some readers have asked me where he is putting his money these days. Well it’s on the public record if you follow insider filings. Mark just put $500,000 into Excelsior Mining (TSX.V: MIN) as part of the bought deal financing arranged with Dundee Securities that closed last month on June 27. As an investor, Mark craves profits just like the rest of us, so there can be little doubt than in his mind he is going to make money on this trade. Despite having the word’s largest in-situ copper project, Excelsior continues to trade at an almost laughable valuation of around $20M. That’s three times less than Curis, which has the only other in-situ copper project on the planet that I know about. Everyone agrees that Curis is further along technically, but Excelsior is catching up, with management stating that they believe that Excelsior can be in full commercial production BEFORE Curis. Morabito is betting that as the gap closes, Excelsior’s share price can rise and in this regard he is not staying on the sidelines; he was recently appointed Executive Chairman with the mandate to oversee Excelsior’s capital markets initiatives. He has already demonstrated his ability to conclude major off-take agreements with international multinationals like Hebei Iron and Steel, and now he’s going to make finding a strategic partner for Excelsior his primary priority.
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