Excelsior Mining Corp (EXMGF)

[j1nxed]

Their margins are razor thin for a junior with their burden of debt! I wouldn't really call their OPEX decent, at a copper price of $3.20/lbs their AISC OPEX rises to $2.33/lbs

Excelsior will be A LOT less!

For their NPV they used $3.30/lbs as a base which is extremely high and adjusting to $2.75 leaves a lot less upside compared to MIN when we take SP into consideration

using $3.25 for excelsior nets us something like CAD $1.3 billion, and no debt and minimal dilution for inital CAPEX


Still ... i think Amerigo is interesting since they are taking tailings and ore from CODELCO!