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Revello

03/15/18 6:22 PM

#1001 RE: instructmba #1000

Yeh, I agree with you that Excelsior is undervalued and a great investing opportunity.

Keep in mind that even though there is an estimated 5 billion pounds of copper on the site, Excelsior Mining expects to only recover about 2.1 billion pounds (still a wowser amount).

Lock down that permit, get the first phase financing (hopefully most by debt, and not equity raise), demonstrate copper recovery rates that Excelsior estimated would occur with the in situ recovery approach, and hopefully copper prices don't slide. We be kicking arse then.

GLTU