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Excelsior Mining Corp. (EXMGF)

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Last Post: 2/26/2017 6:17:20 PM - Followers: 19 - Board type: Free - Posts Today: 0®ion=C

Highlights of the 2016 FS (United States dollars)

·        Net Present Value (“NPV”) of $1.172 billion pre-tax and $807 million post-tax at 7.5% discount rate using a life of mine (“LOM”) copper price of $2.75/lb;

·        Internal Rate of Return (“IRR”) of 48% pre-tax and 40% post-tax;

·        Initial construction capital costs of $46.9 million includes 20% contingency, 16% EPCM, freight, mobile equipment, owner’s costs and capital spares;

·        Average life of mine operating costs of $0.65/lb;

·        All-In Cost (LOM capital costs plus operating costs) of $1.23/lb;

End of year letter: 

December 19, 2016 

Fellow Investors, 

I want to start with the one word that I feel best encapsulates not just this past year, but our entire history as a company: “credibility”. We believe that the way to create genuine value is by setting realistic goals and then delivering on those goals. As we head into our final year of development, our business model will continue to reflect a company that knows exactly what needs to be done in order to achieve all of our goals. 

At the start of 2016 we set ourselves some very significant targets. In every case, we achieved those targets and met our budgetary expectations, all of which proved accretive to our market capitalization. 

Some of the significant milestones from this past year included: 
• Full integration of the Johnson Camp Mine into our company; the facility remains in good working order and will allow us to commence production via a low-cost, staged, ramp-up; 
• Filed state and federal permits that are progressing well through the regulatory process; 
• Raised significant capital at a premium to our then market price; these funds are expected to see us well past the targeted construction decision; 
• Completed an Updated Prefeasibility Study and a Feasibility Study; both of theses technical reports highlight the industry-leading low operating costs, low capital costs and small environmental footprint that should make our project one of the most attractive new copper mines in the world. 
These accomplishments reflect the quality of our management team. We have the experience and business acumen necessary to take the Gunnison Copper Project into full production, and that is exactly what we intend to do. 

The next big milestone ahead of us will be the receipt of operating permits. Permitting is one of the biggest issues facing a pre-production project, and we remain very confident that our operating permits will be received in keeping with our track record of achieving milestones on time and on budget. We are very proud of the quality of our community out-reach program, which we initiated over five years ago. Additionally, we know that our permitting team, led by VP Sustainability, Rebecca Sawyer, has the capacity and experience to deliver on this key milestone. 

I offer my appreciation for all of our investors and stakeholders who have maintained their support. Heading into the New Year, our goals remain the same: we are working towards a resounding technical and market success. There is no reason why we cannot accomplish both and we will be satisfied with nothing less. 

Kind Regards, 
Stephen Twyerould 
Present & Chief Executive Officer 

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#424  Sticky Note Excelsior PPS Projections (incl CapEx Assumptions) Photonics_Guy 02/08/17 08:13:35 PM
#416  Sticky Note Reasons to own Excelsior Photonics_Guy 02/06/17 05:04:17 PM
#457   Excelsior - Limited Downside Risk Photonics_Guy 02/26/17 06:17:19 PM
#456   Weekly Copper Chart with Analysis Photonics_Guy 02/25/17 12:01:34 PM
#455   Investiv Daily - Bullish On Copper And You Photonics_Guy 02/25/17 09:43:06 AM
#454 masslanding 02/23/17 01:48:36 AM
#453   Yes. Over 1.7 million shares have traded since the masslanding 02/23/17 01:24:08 AM
#451   Perfect storm for Excelsior in the making. Been LCP77 02/19/17 08:55:40 PM
#450   Copper May Be The Strongest New Bull Market Photonics_Guy 02/19/17 03:35:57 PM
#449   (Pattern)Next level up around the corner. masslanding 02/17/17 11:09:45 AM
#448   Goldman Sees Metal Rally Photonics_Guy 02/17/17 10:11:20 AM
#447   That would be the perfect storm for us...putting rubberworm 02/16/17 01:01:00 AM
#446 masslanding 02/16/17 12:13:32 AM
#445   By Gram Slattery and Fabian Cambero masslanding 02/15/17 07:37:34 PM
#444   Consensus masslanding 02/15/17 01:31:56 PM
#443   Copper Demand. masslanding 02/15/17 01:12:50 PM
#442   PPS Projection Chart based on valuation at BFS Stage Photonics_Guy 02/15/17 09:53:12 AM
#441   Let the boost kick in suerte88 02/14/17 11:55:06 PM
#440 rubberworm 02/14/17 11:53:34 PM
#438   Nice little write up. Thanks for posting. stark12 02/14/17 12:04:29 PM
#437   Update masslanding 02/14/17 11:19:35 AM
#436   Copper Pricing Sensitivity for PPS / NPV / IRR Photonics_Guy 02/13/17 12:44:05 PM
#435   Thank you for that. I happen to know LCP77 02/12/17 11:29:54 PM
#434   For our friends north of the border... Photonics_Guy 02/12/17 10:52:09 PM
#433   rio-told-to-start-buying-copper-mines-rather-than-build-them Photonics_Guy 02/12/17 06:13:01 PM
#432 bernice 02/12/17 12:32:29 PM
#431   PPS Projection Chart Photonics_Guy 02/12/17 09:55:04 AM
#430   Wow look at copper now.Real time. masslanding 02/10/17 09:20:33 AM
#429   Nice finds Photo. masslanding 02/09/17 07:27:04 PM
#428   The Chinese Electric Vehicle Boom May Soon Accelerate Photonics_Guy 02/09/17 06:50:11 PM
#427   Reuters-How vulnerable is copper to supply disruption? Photonics_Guy 02/09/17 06:41:41 PM
#426   PPS / IRR / NPV Projection Charts (After-Tax) Photonics_Guy 02/09/17 02:30:48 PM
#424   Excelsior PPS Projections (incl CapEx Assumptions) Photonics_Guy 02/08/17 08:13:35 PM
#423 masslanding 02/08/17 02:42:53 PM
#420 masslanding 02/08/17 11:22:38 AM
#419   Welcome to the two new moderators. LCP77 02/07/17 05:05:26 PM
#418   Mass - Photonics_Guy 02/06/17 07:57:27 PM
#417   Totally agree with the points you stated. masslanding 02/06/17 07:49:47 PM
#416   Reasons to own Excelsior Photonics_Guy 02/06/17 05:04:17 PM
#415   PPS Projections (using FS as baseline) Photonics_Guy 02/06/17 07:58:47 AM
#414 masslanding 02/05/17 08:26:17 PM
#412   Agree, just had high expectations. suerte88 02/03/17 03:39:29 AM
#411   i think we should wait a week to bernice 02/03/17 02:42:07 AM
#410   Thought there is more interest in excelsior. suerte88 02/03/17 12:23:09 AM
#409 masslanding 02/02/17 09:27:15 AM
#408   Great analysis, thanks! ScooterG 01/31/17 03:35:03 PM
#407 stark12 01/31/17 03:23:39 PM
#406   I wish I could comprehend that as well nowwhat2 01/31/17 12:44:42 PM
#405   PRESS RELEASE Photonics_Guy 01/31/17 09:05:27 AM
#404   News masslanding 01/31/17 09:05:18 AM
#403   Thanks a lot Photonics_Guy suerte88 01/30/17 02:32:03 AM
#402   That is a tremendous piece of work. Digging LCP77 01/29/17 08:14:49 PM