Replies to post #2429 on Excelsior Mining Corp (EXMGF)

[Revello]

I (and my patience) wouldn't have been too bothered by it, if Excelsior Mining had succeeded in producing the first batch of copper cathode in the spring. What bothers me is that, just on the cusp of purportedly showing the ISR process was successful, the company shut down ops and furloughed a bunch of workers. This on the heels of red flags that the initial ISR system wasn't working as hoped. Since then, the only "news" we get are: (1) concerns about COVID-19; (2) sulfuric acid supply issues; and (3) retrofit and tinkering with the new retrofit system on a small pilot scale. No news on whether the "new" ISR push/pull setup nailed it for economically feasible copper production. Oh, and during this lull, we hear about some management changes, and the newbie managers get beaucoup amounts of stock options (which may not be bad news, since it hints there's promise of share price appreciation, at least perceived by the newbie hires).

When I see the PR that says first plates of copper cathode have been produced and readying for sale shipment, then I'll exhale.