Stockchase Opinions

Joe Mazumdar Excelsior Mining MIN-T BUY Oct 16, 2018

A copper play in Arizona. They put acidic solution in the great to dissolve the copper then recover it. Upfront capital is low, so there's a potentially high return later. They have key permits in place to turn this project around. Their 2016 study implies a 40% return.

$0.990

Stock price when the opinion was issued

Mining
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Concerned about technologies he doesn't understand and about owning second-tier projects. Good management, but he's unenthusiastic about this stock.