Excelsior Mining Corp (EXMGF)

[Revello]

Mining.com article - "Mining and metals markets crater as copper price enters bear market"

http://www.mining.com/mining-metals-markets-crater-copper-price-enters-bear-market/

But extract from the article below:

In a note BMO Capital Markets, an investment bank, said the price movement in copper and other base metals “seems to be driven by financial markets, and lack fundamental basis”:

“We simply have to look to commodities set by the physical market (chrome, vanadium, tungsten, steel rebar) to find price robustness reflecting underlying demand that seems to be okay.

"Regarding copper specifically, the looming deficit of 415kt forecast this year will, in our view, cause new higher cost projects and greater scrap substitution, all of which demand a higher price than where copper is currently trading."