Excelsior Mining Corp (EXMGF)

[LCP77]

Hi,

The webinar was basically a re-hash of the last update news release. They emphasized that Gunnison is the flagship project but also gave some time to Strong and Harris and they are keen on that. The General Manager of operations had plenty of screentime. Clearly, as things stand, they need the water treatment plant to get Gunnison in gear. They still are proposing firing up the JC pits and use the cash flow to fund the w.t.p. (not my preffered route). They also want to drill a couple target zones that have had electronic surveys on Strong and Harris that show distinct promise.

Besides the proposed path fwd above they are also investigating a potential inexpensive “game changer” technology. I assume some wellfield stimulation technique. To hear more about it in Q1. If that is successful it would negate the need to fire up JC or even the need of a water treatment plant. Just fire up Gunnison.

Oh ya, some rather significant marketing initiative is ramping up.

With the MASSIVE discount to NPV clearly management is in the penalty box. My real prefferance is that they sell the company at something over $1.25 even though that is a large discount to npv. I’m getting fatigued myself. Soon please.