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Excelsior Mining Corp. (EXMGF)

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Last Post: 10/18/2017 4:16:54 PM - Followers: 29 - 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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#724  Sticky Note PR: Excelsior Mining Receives No Appeal on Recently Photonics_Guy 10/11/17 09:31:31 AM
#460  Sticky Note Excelsior Due Diligence Summary Photonics_Guy 03/04/17 07:58:53 AM
#727   Oh the news was good was just chatting rubberworm 10/18/17 04:16:54 PM
#726   Do not understand why this news should be screwed?? Trofee 10/18/17 12:51:07 PM
#725   Screw that news ...Stockhouse is down ... When rubberworm 10/17/17 08:00:59 PM
#724   PR: Excelsior Mining Receives No Appeal on Recently Photonics_Guy 10/11/17 09:31:31 AM
#723   GM is ready to make gas and diesel Photonics_Guy 10/03/17 10:33:22 AM
#722   It’s always good to view longer term price Photonics_Guy 09/30/17 09:11:45 AM
#720   Full permitting just around the corner ?...Possibly even nowwhat2 09/29/17 11:07:49 AM
#719   Judging by your post... masslanding 09/28/17 01:21:57 AM
#718   Not sure when the draft permit will be Revello 09/27/17 11:49:06 PM
#717   Thx! As you referenced the price of copper stark12 09/27/17 10:00:52 PM
#716   Absolutely no idea why the selling happened today. Photonics_Guy 09/27/17 09:48:03 PM
#715   Any ideas about what is behind today's price action? stark12 09/27/17 06:54:38 PM
#714   I believe it will be next Wednesday. masslanding 09/26/17 08:01:23 AM
#713   Do we have a rough estimate as to Nickftw 09/26/17 12:37:17 AM
#712   Environmental Appeals Board upheld EPA Region 9's issuance Revello 09/26/17 12:13:31 AM
#711   Nice post,welcome to the board. masslanding 09/21/17 10:04:41 AM
#710   Also not sure if the MJG Capital Limited Revello 09/21/17 12:03:02 AM
#709   Not sure whether this has been posted before. Revello 09/20/17 11:33:21 PM
#708   With Excelsior's Low production costs that are far masslanding 09/20/17 10:46:41 AM
#707   Glad you found it helpful! Welcome to Photonics_Guy 09/19/17 03:54:05 PM
#706   Thank you very much Todd a great DD Trofee 09/19/17 03:51:38 PM
#705   Indeed, which copper stock would it'd've been best nowwhat2 09/19/17 11:40:49 AM
#704   Welcome to the board Jeunke. Photonics_Guy 09/19/17 08:29:36 AM
#703   Just noticed and read the sticky note with jeunke22 09/19/17 04:38:01 AM
#702   Why should I invest in a commodity that jeunke22 09/19/17 03:11:37 AM
#701   You're right. nowwhat2 09/15/17 11:23:25 PM
#700   Europe is pushing that also...I like gas...I'm old rubberworm 09/15/17 10:46:51 PM
#699   I see your post here from 5/10 has rubberworm 09/15/17 09:44:28 PM
#697   China is planning to go entirely to electric stark12 09/15/17 07:51:53 PM
#696   The big move in copper will be coming rubberworm 09/15/17 07:30:01 PM
#695   China / Copper / Excelsior : nowwhat2 09/15/17 01:08:43 PM
#692   Not the first time I've seen this, but Revello 09/15/17 11:18:45 AM
#691   Heck. Houston, Beaumont, Port Arthur, SE Florida Revello 09/15/17 11:15:35 AM
#690   VW going need lots of copper ... rubberworm 09/13/17 11:54:50 PM
#689 suerte88 09/13/17 06:26:57 AM
#688   The EPA is basically non-existant under this administration. Nickftw 09/08/17 11:51:39 PM
#687   US EPA webpage on Class III Injection Wells. Revello 09/08/17 11:07:36 PM
#686   Excelsior Mining: One permit down, only one more Photonics_Guy 09/08/17 03:49:33 PM
#685   New base set and Dejokering done again perhaps. rubberworm 09/07/17 04:59:13 PM
#684   Aha, lol suerte88 09/07/17 02:00:02 PM
#683   Nevermind, I guess there is just very, very Nickftw 09/07/17 01:38:43 PM
#682   no, it was holded yesterday. suerte88 09/07/17 01:24:07 PM
#681   Has trading been halted? I'm seeing zero volume today. Nickftw 09/07/17 01:12:48 PM
#680   A new report contributed by Critical Investor to Photonics_Guy 09/07/17 08:20:01 AM
#679   Nice to see production on target. masslanding 09/06/17 10:11:53 PM
#678   That is well said. Just starting to get LCP77 09/06/17 08:31:22 PM
#677   A couple thoughts about yesterday's price action. Photonics_Guy 09/06/17 01:02:32 PM
#676   Sometimes these things are seen as liquidity events j1nxed 09/05/17 06:55:56 PM
#674   Will excelsior close red today? Lol suerte88 09/05/17 12:47:14 PM
#673   Excelsior Mining Granted State Operating Permit for Gunnison suerte88 09/05/17 10:42:44 AM