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Excelsior Mining Corp. (EXMGF)

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Last Post: 1/19/2017 1:29:05 PM - Followers: 20 - 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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#389  Sticky Note NI 43-101 Technical Report Feasibility Study rubberworm 01/18/17 12:32:39 AM
#392   Great Link. masslanding 01/19/17 01:29:04 PM
#391 stark12 01/18/17 09:34:41 PM
#390   One of many highlights from the full NI masslanding 01/18/17 01:55:20 AM
#389   NI 43-101 Technical Report Feasibility Study rubberworm 01/18/17 12:32:39 AM
#388   MINING & MONEY rubberworm 01/14/17 08:49:58 PM
#387   A look back at copper trends in 2016, rubberworm 01/14/17 07:36:34 PM
#386 stark12 01/14/17 11:53:12 AM
#381   Very Smart mining money. Head office is in LCP77 01/11/17 02:29:06 PM
#380 masslanding 01/11/17 02:26:58 PM
#379   Knew I could count on ya' !.....Thanks amigo. nowwhat2 01/11/17 02:22:25 PM
#378   Hi nowwhat2, allow me to share some insight LCP77 01/11/17 02:15:55 PM
#370   Thank you masslander for directing us towards this (ca:MIN) nowwhat2 01/10/17 05:06:59 PM
#369   Thank you! Kind of you. Glad you took LCP77 01/10/17 02:54:35 PM
#368   Copper Prices rubberworm 01/10/17 12:03:55 PM
#367   Thanks LCP ... Today is even Steven day. rubberworm 01/10/17 11:44:29 AM
#366   I think since the stock has tripled from masslanding 01/08/17 03:54:58 PM
#365   You in Cuba? masslanding 01/06/17 03:40:19 PM
#364   Yes ;) suerte88 01/06/17 03:09:28 PM
#363   You getting a used car? rubberworm 01/06/17 02:46:15 PM
#362   Volume is low. Probably trader(s) doing a Friday stark12 01/06/17 01:25:34 PM
#361   To buy a blue car suerte88 01/06/17 01:04:48 PM
#360   Why would anyone be selling this at this point? AZCUminer 01/06/17 01:02:03 PM
#359 masslanding 01/05/17 11:44:12 AM
#358   Thank you sir we will see huge gains pennystockaholic 01/05/17 10:26:59 AM
#357   Correct PSA,New 52 week high and still way undervalued. masslanding 01/05/17 10:03:45 AM
#356   All green today let's keep this rolling. pennystockaholic 01/04/17 03:49:11 PM
#355   You all have a great and prosperous New Year. masslanding 12/30/16 03:51:51 PM
#354   Juat as Michael Hawworth leaned over to me LCP77 12/23/16 09:43:53 PM
#353   This just hit the wire. This bodes very masslanding 12/21/16 01:13:41 PM
#352   End of year letter: LCP77 12/19/16 11:31:59 AM
#351   A CRITICAL Q&A WITH STEPHEN TWYEROULD rubberworm 12/17/16 03:23:28 PM
#350   RE:AME Group rubberworm 12/13/16 10:19:02 AM
#349 rubberworm 12/13/16 01:04:52 AM
#348 masslanding 12/12/16 07:45:37 PM
#347   same ironic commentars as at Niocorp from you, bernice 12/12/16 03:53:36 PM
#346   I agree. I think she has a decent LCP77 12/12/16 03:18:22 PM
#345   Always a good sign,Apparently she handles all the masslanding 12/12/16 02:04:29 PM
#344   Wow, 6k USD. That is massiv for a suerte88 12/12/16 02:01:23 PM
#343   Thanks Mass! How often do insiders buy Photonics_Guy 12/12/16 01:50:00 PM
#342   Nice write up from the bible of mining.Thanks masslanding 12/11/16 08:34:11 PM
#341   Northern Miner: Excelsior Steps Closer to Production Photonics_Guy 12/11/16 03:38:04 PM
#340   Many thanks to all the people posting helpful Geostat99 12/11/16 12:17:47 PM
#339   Very good,community participation from Excelsior is good business. masslanding 12/10/16 06:08:02 PM
#338   Future employees of Gunnison rubberworm 12/10/16 03:54:51 PM
#337   Insider Buying masslanding 12/10/16 01:38:18 PM
#335   Radio masslanding 12/09/16 10:50:39 AM
#334 rubberworm 12/08/16 11:34:21 PM
#333 rubberworm 12/06/16 09:32:51 PM
#332 rubberworm 12/06/16 09:31:14 PM
#331   2 days in a row with a very rubberworm 12/06/16 04:50:47 PM