Excelsior Mining Corp (EXMGF)

[Revello]

Am getting a little disheartened by the share price action (or lack thereof). Looked at Amerigo (ARREF on OTCBB, ARG on TSE) financials and current share price/market cap, and the recent share price/market cap valuation for EXMGF makes a little more sense. Hell, Amerigo is already producing copper and moly, and about to expand production very soon.

Amerigo's downside is their debt burden and trying to maintain enough liquidity to pay the debt burden. Fortunately, EXMGF didn't incur that debt burden, but EXMGF's projected Stage I production is less than what Amerigo produces (and about to produce much more) and at a very decent cost/lb.

Going to be a long year waiting for the first lb of copper to be produced by EXMGF, and not sure how steady EXMGF's share price will hold.