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Excelsior Mining Corp. (EXMGF)

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Last Post: 8/17/2017 9:37:02 AM - Followers: 22 - 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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#616  Sticky Note Another job opening masslanding 07/29/17 12:21:28 PM
#460  Sticky Note Excelsior Due Diligence Summary Photonics_Guy 03/04/17 07:58:53 AM
#656   Jov,you answered your own question. masslanding 08/17/17 09:37:01 AM
#655   When are the permits expected? End of Q3 Jovko 08/16/17 06:03:31 PM
#654   Copper approaching 3 bucks masslanding 08/16/17 10:22:20 AM
#652   Yes copper is getting hammered! You saw the rubberworm 08/15/17 08:50:21 PM
#651   hmm didn't i say nice trading? lol suerte88 08/15/17 01:23:07 PM
#650   Nice price movement today while copper is down. Jovko 08/15/17 11:40:42 AM
#649   It was nice to see Greenstone trying to rubberworm 08/14/17 10:03:45 PM
#648   I wouldn't call that an experiment. I'd call LCP77 08/14/17 07:38:49 PM
#647   Jcontrer You asked, If we assume that Excelsior receives Photonics_Guy 08/14/17 04:46:00 PM
#646   Hi Jc masslanding 08/14/17 02:51:38 PM
#645   Photonics_Guy, If we assume that Excelsior receives its permits Jcontrer 08/14/17 01:23:46 PM
#644   Just released...Excelsior Mining In-Situ Sandbox Demonstration Photonics_Guy 08/14/17 12:05:59 PM
#643   Greenstone Video masslanding 08/11/17 02:57:15 PM
#641   Your right this stock is crap. I'm up rubberworm 08/09/17 04:15:56 PM
#640   Nice try rubbelwurm, but this only shows how suerte88 08/09/17 01:33:33 AM
#639   Scroll down to chart masslanding 08/08/17 10:54:17 PM
#638   I have German friends in the states here. rubberworm 08/08/17 06:46:36 PM
#637   Hope somebody will not buy us out much rubberworm 08/08/17 06:38:17 PM
#636   Excelsior PPS Projections on $2.94 Copper Price Photonics_Guy 08/08/17 05:13:30 PM
#635   Personal commentary on monthly copper price chart Photonics_Guy 08/08/17 04:58:14 PM
#634   Loool, this stock is a crap suerte88 08/08/17 03:42:21 PM
#633   Yes, you are right, nice trading today hahahahahahaha suerte88 08/08/17 02:45:32 PM
#632   How do ya' like that eh ?.....OMG nowwhat2 08/08/17 12:50:12 PM
#631   Thank you to the peeps that sold to masslanding 08/08/17 09:53:07 AM
#630   Nice trading today LOL masslanding 08/08/17 09:36:51 AM
#629   Very good,I like this quote from the write up. masslanding 08/04/17 09:20:02 AM
#628   Final permit in 60-90 days suerte88 08/04/17 09:13:27 AM
#626   Newsletter from MJG Capital Discusses Excelsior Photonics_Guy 08/03/17 01:09:37 PM
#625   Nice trading today lool suerte88 08/03/17 12:59:58 PM
#624   Federal permit is very soon as well.All good. masslanding 08/03/17 08:13:22 AM
#623   I guess we will get more information about suerte88 08/03/17 08:11:37 AM
#622   Could be,but very unlikely. masslanding 08/03/17 07:55:16 AM
#621   I agree, but that doesn't mean, that we suerte88 08/03/17 07:51:31 AM
#620   Public Comment Period masslanding 08/03/17 07:49:23 AM
#619   I guess thats the old news from "Arizona suerte88 08/03/17 06:42:07 AM
#618   So next step financing? suerte88 08/03/17 05:26:36 AM
#617   Permit masslanding 08/02/17 08:32:35 PM
#616   Another job opening masslanding 07/29/17 12:21:28 PM
#615   I'm very glad you have some. You deserve LCP77 07/28/17 04:48:17 PM
#614   Good question...yes there are. Here are the Photonics_Guy 07/27/17 12:40:58 PM
#613   Aren't there three permits requiered ? suerte88 07/27/17 12:21:57 PM
#612   It appears several folks are today...can't blame them. Photonics_Guy 07/27/17 12:18:54 PM
#611   Time to take some profits JMO suerte88 07/27/17 10:25:11 AM
#610 rubberworm 07/26/17 09:10:35 PM
#609 rubberworm 07/26/17 11:00:46 AM
#608   Excelsior PPS Projections Photonics_Guy 07/25/17 11:35:40 PM
#607 rubberworm 07/25/17 08:26:58 AM
#606   Copper on at $2.81! Photonics_Guy 07/25/17 08:15:03 AM
#605   Copper over the magic $2,75 price at the masslanding 07/25/17 01:31:50 AM
#604 rubberworm 07/24/17 01:23:03 AM