Gunnison Copper Corp (GCUMF)

[CMoonDD]

Hmm, as per the webinar, MIN's schedule (below) seems quite optimistic, anyone have any insight if it is even realistic? They've missed so many deadlines, that I would expect them to overestimate the time-frame by a bit, as to not miss another deadline, not underestimate it.

They have Q4 2021 for kick-starting permitting at JCM (I believe this is only for a new leach pad correct?), and Q2 for building the leach pad. So they expect permitting to only take roughly 3-4 months? That seems quite fast, especially with Biden's green infra plan, would this sway EPA differently vs. pre-Biden? Which organisation is involved in the permitting the leach pad and how easy is it to get a permit for this?

Lastly, Q2/3 for commencing operations, so it would only take a month or so to build the leach pad?

If they plan to use JCM to fund Gunnison, it would mean that Gunnison, our flagship project, is probably being delayed by an entire year (some time after Q3 2022 since there's no indication of a date for the design and build of raffinate plant).

Sorry to be such a bear, but it's hard not to be after being in this for so long. How likely is JCM to succeed, after Nord failed to operate it profitably in a +$3/lb copper market (which is probably the average copper price we will settle at over 5 years).

So we are using up our remaining 20 MM to build out JCM? If profits aren't reached as quick as Q2/3 like they say, does that mean Gunnison will be pushed by longer than a year? We also need to think about the upcoming possible market crash everyone is talking about. We have debt, and while that can be rolled over now, it may not be in the future. If we sink all of our money into JCM and it fails, well that's possibly gameover, as we wouldn't have cash to pay off the debt and during a market crash/recession it would be hard to raise capital.

Catalysts
Updated Gunnison Copper Mine 43-101 Economics – Q4 2021
Infill drilling and permitting of JCM pits – Q4 2021
Drilling of Strong and Harris – Q1 2022
Build JCM Pits Mine leaching pad – Q2 2022
Start JCM Pits Mine – Q2/Q3 2022
Design and build Gunnison raffinate neutralization plant – out of JCM cash flow