Excelsior Mining Corp (EXMGF)

[j1nxed]

Sometimes these things are seen as liquidity events for traders to exit their position quickly without hammering the share price. I don't expect a huge move for the EPA either since that is most likely a done deal as well, not that i would mind it.

What i do think will drive the SP is a potential off-take with some financing options added to it, either with a straight cash deal or access to loans at a better rate than going to the bank (not as stringy covenants if they are there at all).



"With respect to project financing, Excelsior has engaged Cutfield Freeman to act as an advisor with respect to the debt portion of the project financing. Excelsior is targeting the completion of the project financing by the fourth quarter of 2017 and, assuming all permits have been received, construction would commence thereafter. Commercial copper production from the Gunnison Project is expected to begin nine months after construction is commenced."
From the last MD&A

timeline is intact and if they can keep it intact we are looking at a mine in roughly 12 months!