Excelsior Mining Corp (EXMGF)

[Revello]

A big event will be August 1st if there is no permit appeal. I think the price action (or lack of buying interest/activity) is a function of perceived potential risk of a permit appeal being filed by August 1st. If a permit appeal is filed, then the hearing process will take more time (my guess is about 6-8 months) before a final appeals board decision is rendered.


If no appeal is filed, then I expect a financing arrangement for Stage I being announced by end of August. But I expect you'll see a significant share price jump if no appeal is filed. And if the financing arrangement is not heavily premised on equity (i.e., more debt than equity-based financing), we'll be seeing share price in the $1.30 to $1.50 (USD) range quickly, and moving up from there, imho.


First hurdle first, though -- August 1st is a big milestone. Not sure how long after August 1st before we see an official PR from either EPA or Excelsior Mining informing us no appeals have been filed (assuming no appeals are filed).


OT: EPA Administrator Pruitt just announced his resignation.