Gunnison Copper Corporation (QB) (EXMGF) 銘柄情報

I owned this for a couple years around 17-18 as the EPA was permitting ISR for JCM. I sold for a small loss back then but I last saw they began mining with ISR. Its been a while since I’ve checked up on the company.

They are now going to begin open pit ops H1 of 2025. What the hell happened??

Good interview thanks Sitman

CFO interview https://t.co/vZoUiSOKnt

Quite a few things have changed in 9 years
Large miners had no clue what to do with ISR, as they are traditional open pit and underground miners, which would have gave them pause to buy the company then. The open pit is standard mining which the bigger companies understand well.

The open pit pivot was enabled by Gunnison securing the last holdout surface rights late last year. The pit economics at $4.10 copper are pretty decent. The opportunities they are going to work on from ore sorting to overburden gravel and limestone monetization could really enhance the NPV and lower the all in $1.94 cost per pound to produce.

Permitting is another big advantage with Gunnison, where they only need amendments to existing permits, vs 5-10 years with other developers in Arizona.

Good news on Gunnison this morning.

I have no idea if a large miner would buy Gunnison, my gut feeling is no, because they could have done that for the past ten years and didn't.

Investor relations at Gunnison did not bother to respond to my email, not a good feeling. Maybe they are secure in their project and funding and they are not so worried about investor relations much anymore. My take is that although Stage 2 Construction & Operations are 100% funded by Nuton, they are not putting in the entire 58.9 million, and it would be nice to know the exact amount. In any case, at this low share price, GCU is worth it just for Johnson Camp.

Do you see a large mining concern making a play for Gunnison?

I sent an email to investor relations at Gunnison. I asked them this:
The corporate presentation dated May 21, 2024 says the initial capital for Johnson Camp is 58.9 million.
The current corporate presentation says Stage 2 Construction & Operations are 100% funded by Nuton.
Does this mean that the entire 58.9 million is covered by Nuton, or will Gunnison Copper have to come up with some of this money?
I will post the reply when I get it.

FYI I made 2 mistakes in my summary, as someone pointed out it's actuallly 99.999% pure copper. Also I dated the title as 2024 but we're in 2025 now 😉

well done
thank you

Nice sum up. One minor correction, 99.999% pure copper. ("five-nines copper")

Gunnison webinar January 23, 2024.

I'm hitting the main points below, watch the whole thing for many more details. My take is that this will probably pay off in the long run, but you're looking at no real revenue for several more years. As a current shareholder I'm willing to keep holding (since I'm underwater anyway) but not willing to add, particularly with cash raise dilution coming soon.

I feel like they have a strong team, good concept, etc. and can be successful, but the perpetual waiting is pretty tough unless you have the patience of Job. They are emphasizing working to raise the share price in the near term but not sure this is achievable. We'll see.

Highlights:
. Johnson Camp mining and ore stockpiling already underway. JC will produce 99.99% pure copper cathode by mid-2025
. JC will produce 12k tons of finished copper/year, could be 100 mil revenue/yr. Will be publishing a Life of Mine Plan first half of this year. All free cash goes to Nuton until they are paid back. Sounds like this will take several years to achieve.
. US Gov gave 13.9 million dollar tax credit grant related to JC mine, fully transferable and can be monetized through sale to a third party. Can be used to more quickly achieve payback on Nuton's investment or for other purposes

. 10 other known deposits within 8km. Gunnison, JC and Strong and Harris combined have over 1 billion tons of copper resource
. Strong and Harris satellite deposit expected to add significant value to the overall project. Single ownership of entire Cochise mining district.
. Path to permit amendments to open pit Gunnison is streamlined. Rail link will reduce input costs, facilitate the sale of gravel and limestone overburden. Mining will be significantly cheaper than mining nearby hard rock deposits.
. Planning to add optical ore sorting tech which results in a huge cost savings. In the testing phase.
. Timeline for Gunnison has first production end of 2030
. Gunnison open pit project will require relocation of part of Interstate 10. Twyerwold spoke optimistically about this as not being an obstacle.
. In-situ discussed as a "backup" plan but my take is it's permanently dead.

. Twyerwold; Our job is to remedy the disconnect between project value and company/share value over the next 6-12 months
. Need to raise 5-6 million over the next few months to fund future activity
. Gravel and limestone opportunity can add millions in value
. Mining plan and first production can be share price catylists this year
. PFS work and permit amendments will be done 2nd half 2025. May look for a J/V partner for Gunnison after that.

Amazing that the company has very good news a week back and today there is close to 450,000 shares on the offer. These penny stocks are hard to make money in unless you get lucky.

See Gunnison (or good old Excelsior) eligible for almost $ 14 mio from DOE on tax benefits ( cash or reduction tax liability)! Endorsement from US government is a great act of confidence in the future of the project;


https://us2.campaign-archive.com/?e=c5a5f74afb&u=ab8c78863e1f14ecf7e9a2929&id=276017e673

The dollar valuation is killing my investment on the US side.

Gunnison Copper Mobilizes Mining Fleet at the Johnson Camp Mine in SE Arizona


Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS) ("Gunnison" or the “Company”) is pleased to provide a construction update for the fully permitted Johnson Camp Mine ("JCM"), in southeast Arizona, with first copper production anticipated mid 2025.

Further to the construction update from the press release dated August 8th, 2024, where it was announced construction of the new leach pad, including crushing of the over-liner material, had commenced the Company is pleased to report that the mining fleet has been mobilized, and mining activities such as pre-stripping have begun.

Construction of the Johnson Camp Mine is fully funded by Nuton LLC (“Nuton”), a Rio Tinto venture. Gunnison is the owner and operator of the mine which has a production capacity of up to 25 million pounds of copper cathode per year to directly supply critical American supply chains in the clean energy, defense, and manufacturing sectors.

“We are extremely pleased with how well the JCM construction is progressing. We are tracking our major construction milestones and budget, including mobilization of the mining fleet and leach pad construction. The successful start of mining activities was made possible by our highly talented local workforce of over 150 employees and third party contractors, reflecting our commitment to workforce development and local area economic stimulus,” comments Robert Winton, SVP Operations and General Manager of Gunnison Copper. “From concept to first production measured in months is a testament to our partnership with Nuton and the support of the 3 engineering firms contributing to this industry first.”




Read more and view pictures at:
https://mailchi.mp/gunnisoncopper/gunnison-copper-announces-preliminary-economic-assessment-of-open-pit-mining-at-its-flagship-gunnison-project-in-arizonas-copper-belt-9296327?e=6278f24dd0

Gunnison Copper Mobilizes Mining Fleet at the Johnson Camp Mine in SE Arizona

https://gunnisoncopper.com/news/news-2024/gunnison-copper-mobilizes-mining-fleet-at-the-johnson-camp-m2024-12-16-040504

nice insider buying lately.

https://www.linkedin.com/posts/gunnison-copper-az_gunnisoncoper-excelsiormining-copper-activity-7265387120230309889-mBI5?utm_source=share&utm_medium=member_ios

Gunnison Copper Investor Update Webinar with Adelaide Capital. Good info.
https://www.youtube.com/live/zpxVl36Vg_M

I think it's a smart move to give up ISR. They could be fiddling around with it for another decade and get nowhere. The copper is there, go get it. The JC will keep them going while they work through the process. Obviously the market likes this news. I'd say this stock is worth the risk at this point.

EXMGF changed to GCUMF:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

https://www.newsfilecorp.com/release/229892/Gunnison-Copper-Announces-Preliminary-Economic-Assessment-of-Open-Pit-Mining-at-its-Flagship-Gunnison-Project-in-Arizonas-Copper-Belt

EXMGF: effective Nov 14,2024 Excelsior Mining Corp will change to Gunnison Copper Corp:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

IMO the name change is a great idea as I read a book about 30 years ago by a man who made a killing in the market. He wrote there could be 2 companies selling the same type of product with the same earnings and the one with the best sounding name to the market will do much better then the other one. I think putting the word "Copper" in could be a big deal in SP as we are getting closer everyday to a real start in copper mining.

what will be the new symbol on the OTC?

Excelsior Mining Announces Name Change to Gunnison Copper

Phoenix, Arizona--(Newsfile Corp. - November 12, 2024) - Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) (FSE: 3XS) is pleased to announce it is completing a corporate name change to "Gunnison Copper Corp." ("Gunnison" or the "Company") with a new stock symbol "GCU" on the TSX.

Effective market open on November 14th, 2024, the Company will begin trading under the new name and stock symbol. The Company's ISIN and CUSIP numbers will change to CA4028801088 and 402880108, respectively.

No action will be required by existing shareholders with respect to the name change. Certificates representing common shares of the Company will not be affected by the name change and will not need to be exchanged.

The problem is the price is not acting well at all. Very frustrating to say the least.

Good news. Needs to take hold .

Excelsior Mining Receives Final Permit Required to Restart the Johnson Camp Mine

Phoenix, Arizona--(Newsfile Corp. - October 21, 2024) - Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce that it has received all permits to commence operations at the Johnson Camp Mine ("JCM") in southeast Arizona, which will produce Made in America copper expected to be used domestically to strengthen American supply chains. First copper production is anticipated in H1 of 2025.

Excelsior received the amended Mined Land Reclamation Plan (MLRP) approval from the State of Arizona. The MLRP, along with the recently approved Air Quality Permit (AQP) and the Aquifer Protection Permit (APP), means that all approvals needed to start the production of copper at JCM have been received.

"This final permit is a key milestone bringing us one step closer to copper production at JCM. We believe the partnership with Nuton LLC for the first industrial-scale deployment of their sulfide leaching technology, combined with the oxide ore production, generates an exciting opportunity for both organizations and the wider copper industry," comments Robert Winton, Senior Vice President Operation & GM of Excelsior Mining. He adds, "Excelsior's local and state engagement continues to deliver opportunity in Southeastern Arizona."

Guess they'll be updating on the JCM progress and Gunnison open-pit mining economics soon.

Gainer on the day..... News coming ?? D Man

The only thing I can think of is either someone is tired of this stock(I do not blame them) and wants out or the upcoming report on the open pit study is already known to someone. Copper is having a nice move.

Dumping shares at this price level with copper prices at $4.60+/lb? I don't get it. I wouldn't be surprised if it turns out to be a bear trap later on.

Looks like more pressure on the stock this morning. Although the monetary amount is small, the share ask is high. I have no idea what is going on.

"IIRC, Excelsior ran into the CO2 issue soon after they started production at Gunnison in 2021. They began testing water flushing to address the CO2 problem, but it was limited by the water resources they were permitted to use, so they stopped large-scale flushing after gathering enough data for the neutralization plant solution. However, they later dropped the neutralization plant plan and focused on well stimulation instead

When did the company shut down production on Gunnison?

As info, Shawn does not know the reason for the selling yesterday and says things are going fine.

Copper price is solid, I would suggest at least give $MIN another year to see how it goes with Nuton...

The selling on the OTC is relentless. I am hoping it is just someone who says they have had enough. I can tell you I am close to enough as well but will wait for a higher price to unload my shares. Sitman, I love playing the spec stocks but it can be very costly. I have to decide which one to keep LWLG,MIN,or TLT.

The selling on the OTC is relentless. I am hoping it is just someone who says they have had enough. I can tell you I am close to enough as well but will wait for a higher price to unload my shares. Sitman, I love playing the spec stocks but it can be very costly. I have to decide which one to keep LWLG,MIN,or TLT.

Dumping shares at this price? You almost get nothing back...

There is some serious unloading of stock here coinciding with news pending on an open pit plan. Already close to 800k selling off. When it rains, it pours.

More dumping this morning in the stock. I know some posters have been down on management here.

We could use some news soon. This is brutal.

Thanks,

ISR mining is relatively new in copper. Many strategic investors don't fully understand how it works, but they are much more familiar with open-pit mining. It's easier for them to evaluate the current value of an open-pit copper mine than an ISR copper mine.

I do not understand this reasoning. I completely agree with you but why do they have to provide a study on open pit when it will never become a reality. Investors looking to provide capital will think this is a waste of time.

AFAIK, ISR is still the official plan for Gunnison. They introduced open-pit mining into the discussion simply to simplify the math for Gunnison and attract new strategic investors. However, implementing open-pit mining at Gunnison would mean that many aspects (permits for example) would need to start from scratch, which would take far too long.

I am hoping for a PR soon that will detail the Gunnison mining and what in-situ vs open pit will be as for time and profits. I believe the open pit will take much longer to get going but the profit potential will be greater. In reality, I am hoping for a takeover ASAP as copper is sorely needed. A huge outfit could come in and move things along at a rapid clip. I do not know the CEO or others in management but I understand a lot of investors are not happy with them.