Excelsior Mining Corp (EXMGF)

[Arizonabilly]

Regarding switching Gunnison to open pit, if that was to occur, that would push Gunnison out at least another five to ten years, IMO. Although Robert seemed to allude that permits were in place to do that (an assertion I question) what will delay an open pit is not only a mine design plan and financing, but having to deal with environmental lawsuits which will surely follow. I hate to say it, but I think EXMGF is dead money, possibly for quite some time. An operating JCM will buy some time and keep the lights on, so to speak, but it's not really a catalyst to drive the stock price higher.