Excelsior Mining Corp (EXMGF)

[drobx]

I was trying to remember what the timeline is here, and found the below in the recent Management Discussion and Analysis. So permits are expected this month. This is taking a long time to get rolling.

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OUTLOOK
The next steps for Excelsior include completing the permitting process for the Gunnison Project, completing
the project financing required to commence construction and moving from construction into operations.
Excelsior has received all operating permits from the ADEQ. Excelsior is working with the EPA and expects
to receive Federal operating permits during the second quarter of 2018.
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 in the
third quarter of 2018 and, assuming all permits have been received, construction would commence thereafter.
Copper production from the Gunnison Project is expected to begin nine months after construction is
commenced.