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Thanks Revello, we are already two steps further.
Appeal dismiss -> done
Financing -> done
Next steps are? Ground breaking? Finish construction? Ramp up production? Sell first copper? ...
Does somebody have a gut feeling of when to expect dividends at earliest?
If we want to finance 3rd stage from cashflow 2-3 years after full production of 1st stage, I guess dividends could be paid in 4-5 years from now at earliest.
What do you all think?
Just because i remember there have been also discussions about excelsior mining:
"Excelsior Mining Secures US$75 Million Project Financing Package"
All permits in hand, financing secured
Only "directors, officers or other insiders of the Company" are not allowed to trade
Lool, your painting look like a picasso
I think I heard Jim saying sonething like, no problem at all with permitting and no problem with financing.
Still not even an indication for a deal , lol
I have the feeling, that somebody tries to hold down the SP till financing is done and equity part is closed at 1 CAD.
Really currios that everytime it comes to a new pp or financing it settles at 1 cad
Yes!!!
Comon, lets get financing done and start building the mine in next 1-2 month.
Just great to see that nothing prevents us from selling copper in 2019 !!!
Excelsior Mining Successfully Concludes Permitting Process
Phoenix, Arizona--(Newsfile Corp. - October 16, 2018) - Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") announces that the Class III Underground Injection Control Area Permit for the Gunnison Copper Project (the "UIC Permit") is now active and good for production of up to 125 million pounds of pure copper cathode per annum. All required state and federal operating permits have now been successfully obtained.
Stephen Twyerould, President & CEO, said, "I'm extremely proud of our team that have worked so diligently with regulatory agencies, community and stakeholders to deliver this significant milestone. It represents a tremendous value-creation step as we continue moving towards production in what will be one of the most environmentally friendly and cost-effective copper projects in North America."
The Chairman of Excelsior Mining, Mark Morabito, added, "With the appeal process officially exhausted, we now have a fully permitted project that is genuinely on the cusp of achieving low cost copper production through the most environmentally friendly process available within the industry today. I congratulate the entire Excelsior team on achieving this positive outcome, and I look forward to seeing Excelsior unlock the true value of this tremendous asset."
To recap Excelsior's permitting process, in September, 2017, the Arizona Department of Environmental Quality ("ADEQ") issued an Aquifer Protection Permit for Gunnison Copper Project; this completed the Arizona State permitting process. On June 22, 2018 the Environmental Protection Agency (the "EPA") issued Excelsior the UIC Permit with an effective date of August 1, 2018. An appeal (the "Appeal") of the UIC Permit was subsequently filed by a coalition of non-governmental organizations (the "Petitioners") (See Excelsior Mining news release dated August 6, 2018 — "Excelsior Provides Permitting Update"). All appeals are reviewed by the Environmental Appeals Board (the "EAB"). Excelsior announced on October 5, 2018 that a Settlement Agreement (the "Agreement") had been concluded that would result in the dismissal of the Appeal. As per the terms of the Agreement, Excelsior, the EPA, and the Petitioners submitted to the EAB a joint motion to dismiss the Appeal (see Excelsior news release dated October 5, 2018 — "Excelsior Mining Confirms Agreement to Dismiss UIC Permit Appeal"). The EAB has now accepted the joint motion dismissing the Appeal, and the EPA has lifted the stay, thereby resulting in the UIC Permit becoming effective. The permitting process is now completed with all key operating permits in place and effective.
Excelsior will be ready to commence construction upon the completion of its project financing plan. The Gunnison Copper Project remains on-track to be the next new copper producer in the United States, with initial production scheduled for 2019.
Agree, and this agreement does not confirm that 3800$ or similar is a valid and fair scandium price.
How will be the price valuation with tracys when the scandium have been produced?
I though that once the appeal got cleared, we will be back to new highs on the same day.
Today its just some 7-9 %
Great!!
It got solved even faster then my prediction, wow
NEWS RELEASE
Excelsior Mining Confirms Agreement to Dismiss UIC Permit Appeal
October 5, 2018
Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the “Company”) is pleased to announce that a Settlement Agreement (the “Agreement”) has been concluded that will result in the dismissal of the appeal (the “Appeal”) filed with respect to the Company’s Class III Underground Injection Control Area Permit (the “UIC Permit”) for the Gunnison Copper Project.
On June 22, the Environmental Protection Agency (the “EPA”) issued Excelsior the UIC Permit with an effective date of August 1, 2018. An appeal of the UIC permit was subsequently filed by a coalition of non-governmental organizations (the “Petitioners”) (See Excelsior Mining news release dated August 6, 2018 – “Excelsior Provides Permitting Update”). All appeals are reviewed by the Environmental Appeals Board (the “EAB”). As per the terms of the Agreement, Excelsior, the EPA, and the Petitioners have submitted to the EAB a joint stipulated motion to dismiss the Appeal. It is anticipated that the EAB will accept the joint motion to dismiss the Appeal which, subject to notice by the EAB, will prompt the EPA to lift the stay, thereby resulting in the UIC Permit becoming effective with permanence.
The Agreement provides for additional monitoring wells and certain other matters. The Agreement does not take the place of the extensive protective measures, monitoring and reporting requirements of the Federal EPA UIC Permit and the State ADEQ Aquifer Protection Permit. However, it does provide for additional items that are a benefit to local stakeholders.
With all key permits in place and effective, Excelsior will be in position to commence construction upon the completion of its project financing plan. Excelsior’s Gunnison Copper project remains poised to be the next new copper producer in the United States.
Oh, have they only been able to rise 1,1 million $ instead of announced 10 million $.
Ok, agree, will be also fine with start of build in januar
What are your guesses on when to expect reply from EPA and if the will reject the appeal or accept it or spent more time for discussion?
My guess is reply on 10th of oct. and they will reject the appeal -> Excelsior will be fully permited and can start / finish financing and start construction in november.
Just my opinion, but if the 3 mil are gone in 3 month, then they will do another PP.
They raised 1 mil trough Lind and everybody was super positiv (1 mil will just last for 2 -3 month, then financing will be released), then they did another PP for 3 mil. Just saying that it doesnt indicate at all when to expect financing.
financing can be settled this month, next month, next year, in 2 year, we dont know
Agree
Gem gem gem
It can happen every day. 12th of october is just the last day to reply.
Of course the last week (8th - 12th) seems to be most likely the week of the EPA reply
By 12 october at the latest, we should know, right?
Just my opinio, but theae tariffs dont help anybody.
If the chinese gets angry, they will grill the US supply chains which will have a much bigger impact.
If the car or airplan industry gets hit, i could be a problem for niocorp, but also for other us companies as well.
I dont like this tariffs war.
New e-car producer Lucid Inc gets pushed by saudis with a billion dollar.
Thats good news for copper demand :)
And i guess he will be successful.
The only ones, who can stop sp from falling is management and a financing news.
Even walter wont be able to stabilize the sp. just my opinion
Its not the investors fault that sp is falling
Not very likely. But you are always optimistic
So please just continue
The predictions are always two month in the future.
So when we are at the end of september, november will be most likely the month for financing and so on ...
So far no pp closing news?
Or do they extend it for another two weeks do get even more money and spread the financing timeline even further?
So what is the essence of his video?
Put stopps much lower ?
Putz, do you feel beeing tricked by th3 whole world?
Totaly agree, good points
slow and steady wins the race Or just get it into the ground
just hypothetical, if smith gets nio into the ground and somebody consultate a lawyer, how will a court judge on smiths "financing is going well" statement, while in real life there have only be some texting with interessted parties with no concrete promises?
I mean what has to be proved by mark smith in regards to his statement to prevent problems with the law?
That pressure lol
Does thst mean additional 8 month + 3 m$. Good job
For what reason? They have finished a costly redo of the construction plans with no indications of cost / time savings,
They should have waited till friday and provide some numbers!!
I'm surprised that its not falling like a stone
Hey its niocorp, dont forget that.
They find a way to redo and optimize it to up to 150m$ hahah
Thanks walterc, but this news does not contain no real new information.
That is a huge disappointment, no number crunching, nothing.
What did they do the last 8 month? Just enjoing our money.
Wow, just another disappointment, nice
I guess another 6 month to redo math in pony home nebraska.
And finally they came out without money and time saving. What a great investmet opportunity
~100m$ cost saving and 16 month in time saving is a must, everthing else will be a disappointment
Lol, i will sell rest of my shares if we reach 1€
And get the hell out of "IT"