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Excelsior Mining Corp. (EXMGF)

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Last Post: 6/27/2017 2:27:26 PM - Followers: 22 - Board type: Free - Posts Today: 2®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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#547  Sticky Note Permits news masslanding 06/14/17 09:31:01 AM
#460  Sticky Note Excelsior Due Diligence Summary Photonics_Guy 03/04/17 07:58:53 AM
#560   Lol that stock is really crappy suerte88 06/27/17 02:27:26 PM
#559   News masslanding 06/27/17 10:07:27 AM
#558 rubberworm 06/19/17 08:50:37 PM
#557   Put it out when did they pay under rubberworm 06/19/17 12:02:29 AM
#556   Agreed, Greenstone put in millions. I agree, however, zico101 06/18/17 11:24:18 PM
#555   Roger that suerte88 06/16/17 01:34:48 AM
#554   Greenstone has been putting in millions of dollars. rubberworm 06/15/17 06:03:13 PM
#553   Really ? bernice 06/15/17 04:25:56 PM
#552 masslanding 06/15/17 09:08:58 AM
#551   :D:D but nobody cares hahah suerte88 06/15/17 06:10:52 AM
#549   Excelsior adds key permit rubberworm 06/15/17 12:06:42 AM
#548   Excelsior’s Gunnison Copper Project rubberworm 06/14/17 02:52:50 PM
#547   Permits news masslanding 06/14/17 09:31:01 AM
#546   "and especially copper" rubberworm 06/12/17 01:27:01 AM
#545   To bad Greenstone does not have you on rubberworm 06/11/17 11:01:47 PM
#544   Robert Freidlands' Ivanhoe : nowwhat2 06/11/17 01:18:55 PM
#543   Copper king of all metals ..... rubberworm 06/09/17 10:07:54 AM
#542   Conflicting signals nowwhat2 06/07/17 10:42:12 PM
#541   For those newbies. masslanding 05/31/17 10:26:26 PM
#538   No fluff, just facts. Milkman41 05/29/17 07:54:05 PM
#537   Here's a great idea, stop bashing other projects Milkman41 05/25/17 07:28:22 AM
#536   Sorry no fulff news here to suck in rubberworm 05/25/17 12:53:51 AM
#535   If I had more cash I would buy walterc 05/24/17 09:21:07 AM
#534   Decrease of shorted Shares. masslanding 05/23/17 10:20:37 AM
#533   This has about as much potential as a Ak74 05/23/17 08:10:51 AM
#532   Nothing going on? Ak74 05/20/17 07:54:29 PM
#531   No news here? Ak74 05/20/17 07:54:10 PM
#529   The silence here is deafening...... No PR in Ak74 05/19/17 07:31:14 AM
#528   Welcome to the board AK,nice to see more masslanding 05/19/17 07:07:31 AM
#527   Crickets...... Ak74 05/18/17 11:57:59 PM
#526 masslanding 05/12/17 10:57:44 AM
#525   very convincing stark walterc 05/12/17 03:50:23 AM
#524   Stephen Twyerould, Ph.D., President & CEO, Excelsior Mining Corp.--https://www.y stark12 05/11/17 11:38:03 PM
#523   The beauty of CHARTS ! nowwhat2 05/11/17 03:55:32 AM
#522 masslanding 05/10/17 08:47:49 PM
#520   . Wow....This is actually quite frightening you know..... nowwhat2 05/10/17 01:24:21 PM
#519   Good point :D you small suerte88 05/09/17 01:46:02 AM
#518   When you sell ...then Big news comes rubberworm 05/08/17 11:53:43 PM
#517   When to expect next big news from company suerte88 05/08/17 01:07:47 PM
#516   All IN :) masslanding 05/05/17 03:30:23 PM
#515   Good grief eh ?..... nowwhat2 05/03/17 03:32:31 PM
#514   2 Days ago : (charts) nowwhat2 05/03/17 12:36:53 PM
#513 rubberworm 04/30/17 12:06:36 AM
#512   Friedland has a massive mind and has made rubberworm 04/29/17 12:42:23 AM
#511   Robert Freidlands massive mines : nowwhat2 04/28/17 01:52:44 AM
#510   Maybe I am wrong masslanding 04/27/17 09:28:44 PM
#509   Precisely one month later : (hope you're right) nowwhat2 04/27/17 11:57:58 AM
#508   While I don't place a lot of weight Photonics_Guy 04/26/17 10:29:42 AM
#507   Chart is setting up nice. masslanding 04/26/17 09:59:32 AM
#506   To whom it may concern. Enough said. rubberworm 04/23/17 01:37:08 AM