Excelsior Mining Corp (EXMGF)

[Photonics_Guy]

Based on the recent news release that revises the projected quantity of 40M lbs of copper instead of 25M lbs for the first few years, I created similar financial scenarios to what I previously posted, using the 40M lbs/yr quantity for Years 1-3 instead of the Pre-Feas value of 25M lbs. I think you will like the numbers.

As before, I used the following prices of copper for the scenarios:

- Base Case: US$2.75/lb
- Optimistic Case: US$3.50/lb
- Pessimistic Case: US$2.00/lb