Excelsior Mining Corp (EXMGF)

[AZCUminer]

LCP, in regards to the Gunnison and Florence projects, they have a long road to haul, in my opiniion. The EPA approval for Florence is for a test/pilot plant. The problem that I see, is even though Gunnison is in an established mining friendly area, there is a lot of unknowns by the local community in Dragoon. All they understand is that the company is going to drill holes and pump sulfuric acid in the ground without a liner. They will fight tooth and nail to stop that from contaminating their water, even though the underground flow is completely in a different direction from Dragoon. I think Excelsior can learn from Florence, but its still going to take a plot of prodding of the government agencies to get these through, which will push them out for years to get fully pemitted. Rosemont is a perfect example of how tough the permitting process will be in today's world.

As for my comment, it was more geared towards the Johnson Camp property, your comment was that property is mined out and has environmental issues. As per the announcement, They are in receivership with Nedbank, which could turn out to be a blessing. This property is fully permitted, and not only , not mined out, but has a huge upside of non proven reserves, Oxide and Sulfide, which will only take drilling to prove out.