The Investment Doctor
Long/short equity, value, debt, base metals

Excelsior Mining - Cheap Copper In Arizona

Introduction

In this article I'll have a closer look at Excelsior Mining (OTCQX:EXMGF) which has just completed its pre-feasibility report on the Gunnison Copper Project in Arizona. I will start by giving a background of the project and will play with some numbers to see how the NPV of the project holds up when using different assumptions. Thereafter I will discuss the main risks which are involved with an investment in Excelsior Mining followed by some possibilities how the company will secure financing for the project. This will result in my investment thesis at the end of this article.

As trading on the US exchanges is relatively limited, I'd highly recommend to trade in shares of Excelsior Mining...

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