Hi Stephen
I still have a lot of followers that have invested in Excelsior. The shareprice seems at a bottom and I just read that Goldman Sachs is very optimistic about copper.
Do you still believe that Excelsior is going tob e succesful and if yes why? It is a long time that Excelsior has been in the news. How is this well stimulation programme progressing?
What can be the catalyst fort he shareprice of Excelsior in your view? Is this still for 2024?
Walter Caers
Hi Walter,
Yes we remain confident that Excelsior will be successful. Working with Nuton at the Johnson Camp Mine continues to move forward at a good pace. There is a lot of value in the deal we did with them and are excited to see it going forward. Several catalyst on this project are expected in Q1 or H1 this year; the release of metallurgical column test results and other metallurgical testing, and subject to these results being good, the project moving to Stage 2, which would provide us additional non-dilute cash and a significant reduction in costs, making more money available for well stimulation and Gunnison.
On the well stimulation, all approvals have been received, but we would like to use the cash from Nuton Stage 2 to fund this work, so subject to Nuton moving to Stage 2, we would commence the well stimulation program towards the end of H1.
We have been marketing (e.g. the recent Vancouver Round-up conference and about 20 or so virtual meetings the last few months). More marketing is coming up, but unfortunately no significant news flow until Nuton release some results.
There is tremendous value here, it’s just a matter of us getting some of these things done in H1 to start realizing that value.
Thanks for your continued support.
Kind Regards,
Stephen Twyerould
