Replies to post #3189 on Excelsior Mining Corp (EXMGF)

[Revello]

Hope so.

fyi - the MM Fund is run by Spartan Fund Mgt Inc out of Toronto, Ontario.
As of Jun 30, 2021, MM Fund owned 627,000 shares and 500,000 warrants of Excelsior Mining equities. The shares represented 0.60% of their net asset value and the warrants represented 0.06% of their net asset value.

As for the 627,000 shares they presumably picked up in the PP, their average cost for such shares was CAD $542,704 and, in their Jun 30, 2021 financial report, indicated the fair value of such shares were $351,120.

For the 500,000 warrants, they indicate that their average cost for those warrants was $50,002. The fair value of the warrants they show as $32,500 (as of Jun 30, 2021).

Based on the Jun 30, 2021 date, their loss appears to be $191,584 for the shares and $17,502 for the warrants, for total loss of CAD $209,086.

Chit ... I think there's a lot of us on this board who have lost more than that so far in our investment, lol. Yeh, I agree with you ... this is a nothing burger.