The project mentioned here has been discussed on these pages more than a few times. It's adjacent to Johnson Camp (which was Nord Resources), and is on and under US Hwy 10 fairly close to Tombstone. This is to be a leaching/solvant extraction process requiring little surface disturbance, and can be working in short order and at very low cost.
The following is extracted from...
http://us9.campaign-archive2.com/?u=f5df3bbeb9f9a7925b1168838&id=1e1bb8126f&e=693b0d81ac
Explorers and miners are facing relentless headwinds. Progress is not easy. But despite it all, there are companies out there making headway against the tide.
First off: Excelsior Mining (TSXV: MIN). Want to see a nice chart? Check it out.
MIN has been inching up for months and now it is breaking out. Why? Fundamental strength and gold old promotion. Excelsior’s Gunnison copper project in Arizona is a good project that has the ingredients of a great mine (45% post-tax IRR anyone?). The studies needed to turn the prefeasibility study into a feasibility are nearing completion, with good news flow expected all through the summer. With its ducks almost in a row, Excelsior started promoting – something it had not done a lot of until recently. As I wrote in a Subscriber’s Only note on April 8th, promotion is often derided as a bad thing, as a desperation move by juniors with projects that cannot stand up on their own. But that just isn’t true. Promotion is an essential aspect of this industry. It’s great to have a strong project, but if you want your share price to advance you have to tell people about it. Excelsior is talking and people are listening. When the project in question deserves attention, promotion done well is a powerful tool. MIN’s share price is proof. |
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