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Exclusive intro to Excelsior Mining

Cory
December 9, 2016

In our constant effort to bring on companies that interest us I had a chance to sit down with the CEO and President of Excelsior Mining, Stephen Twyerould. The Company is advancing its copper property in Arizona to production by using the in-situ recovery method to mine the copper. This method is used primarily when mining for uranium but in select situations can be used to produce other metals.

If you have any follow up questions for Stephen and his team at Excelsior please comment or email me directly – Fleck[at]KEReport.com.

Click download link to listen on this device: Download Show

Click here to visit the Excelsior Mining website for more information.

 

Discussion
73 Comments
    Dec 09, 2016 09:27 AM

    Excelsior!

      Dec 09, 2016 09:37 AM

      Wolfster – I know you’ll be excited about this editorial! 🙂

      Here’s a repost of the Copper and Zinc companies discussed recently:
      __________________________________________________________________________

      On December 8, 2016 at 8:03 pm,
      Excelsior says:

      Hey Wolfster – been tied up today but as for the some of the Zinc & Copper companies on the short list that I own, have traded or want to acquire:

      Ivanhoe mines, Arizona Mining, Nicola Mining, Sierra Metals, Trevali Mining, Callinex Mines, Heron Resources, Constantine Metals, Excelsior Mining, Tinka Resources, Vendetta minings, Balmoral Resources, Black Sea Copper & Gold, Pacific Booker minerals, Cordoba Minerals, Cornerstone Captial Resources, Aston Bay, Zazu Metals, Pasinex, Foran Mining, and Lion One are some of the ones on my short list.

      There are a few Prospect Generator / Royalty companies like Altius Minerals, Eurasian Minerals, Millrock Resources, Strategic Metals, Globex Minerals, Transition Metals, and Midland Exploration that have very nice exposure to both PMs and Base Metals.

        Dec 09, 2016 09:44 AM

        WOW!

        SIBANYE TO ACQUIRE STILLWATER MINING COMPANY FOR $2.2 BILLION

        All-cash transaction at $18.00 per share, a 25% premium to Stillwater’s 30 day volume-weighted average share price

        Dec. 9, 2016 /PRNewswire/ — “Stillwater Mining Company (SWC) today announced that it has entered into an agreement with Sibanye Gold Limited (SBGL), under which Sibanye will acquire Stillwater for $18.00 per share in cash representing an aggregate enterprise value of $2.2 billion. The $18.00 per share transaction price represents a 61% premium to Stillwater’s volume-weighted average share price over the 52 weeks prior to the announcement of the transaction, a 25% premium to its volume-weighted share price over the 30 trading days prior to the announcement and a 23% premium to its closing share price on December 8, 2016.”

        http://investorrelations.stillwatermining.com/phoenix.zhtml?c=99837&p=irol-newsArticle&ID=2228709

          Dec 09, 2016 09:47 AM

          With the PGM assets that Sibanye bought last year and this year, they are are going to be serious players in the Platinum and Palladium marketplace.

          I always expected Stillwater to take out another company like Wellgreen, Polymet, or Wallbridge and did not consider them getting taken out.

          Huuuuuuuge!

        Dec 09, 2016 09:50 AM

        BTW – I should have had Atico Mining, Mandalay Resources, and Solitario Exploration on that list of companies with copper and zinc exposure.

        There are about another 2-3 dozen I’m reviewing, but that’s a starting place at least. Anyone have any favorites for Copper Zinc?

          Dec 09, 2016 09:52 AM

          ….and before anyone says it, yes I realize the Silver miners have nice Zinc credits. 🙂

        Dec 09, 2016 09:21 AM

        Deep Dive on the Zinc Markets with Doug Ramshaw

        By Peter @Newton Bell, 8 December 2016

        Doug Ramshaw, Director of Vendetta Mining (TSX-V:VTT)

        https://www.ceo.ca/@newton/deep-dive-on-the-zinc-markets-with-doug-ramshaw-vtt

        Dec 09, 2016 09:38 PM

        Thanks for the co’s Shad, I think we have already seen the lion’s share of the gains though.I like the co’s with dual exposure. I also like Alkane.
        Any kind of friction with China could bring the most unloved sector, the rare earth’s back into play. Being the contrarian that I am,I love the risk,reward.It may take a while to come to fruition,but when it does it will be well worth the wait.

          Dec 09, 2016 09:09 PM

          Hey there John K,

          Yes, I do believe the quality companies in some of the specialty metals will get a little bit more focus again over the next few years, as certain commodities like niobium, scandium, tungsten, beryllium, zirconium, and vanadium are still in demand, along with dysprosium and neodymium and some of the other Rare Earths.

          Speaking of REEs: Lynas is going to restructure their debt again, because they prices stayed depressed for too long, and the environmental lobbyists at their plant had them spend way more than budgeted and slow the ramping up process because of their antics scaring the local community half to death, rioting and protesting during construction, and blocking shipping ports etc… Now 3 year later, all that BS is behind them, and there have been 0 incidents, concerns, or infractions and everything has been squeaky clean and by the books.

          They are going to engage the local community again to show everyone how unfounded all those claims were a few years ago and put all of it in the rear view mirror for good. This restructuring will be dilutive to existing shareholders, but once it is completed, I may stick a toe back in the water and give the restructured company a crack.
          _________________________________________________________________________
          Lynas AGM – CEO’s Address to Shareholders
          November 30, 2016

          https://www.lynascorp.com/Shared%20Documents/Investors%20and%20media/Announcements%20and%20media/2016/161130%20CEO%27s%20Address%20to%20Shareholders%201623391.pdf

          Dec 09, 2016 09:13 PM

          John K – I believe you’re a fan of Ucore Rare Metals also right?

          Peter Epstein is a good guy that I speak with occasionally on CEO and he had a great piece on Ucore he put out recently. You’ll probably dig it:

          _________________________________________________________________________

          Ucore Rare Metals Well Positioned for 2017

          https://www.ceo.ca/@epsteinresearch/ucore-rare-metals-well-positioned-for-2017

            Dec 09, 2016 09:29 PM

            Once again thanks Shad. Pretty much sums up my thesis. I’ve always said that if someone could come up with an alternative to using acid in the separation circuit, this could be the holy grail of mining.

        Dec 09, 2016 09:09 PM

        Loving it…….Thanks for the list….

          Dec 09, 2016 09:14 PM

          Please check it twice….. to see who’s been naughty….. and who’s been nice……

            Dec 09, 2016 09:27 PM

            That’s almost as sappy as the xmas movie my wife’s watching now.ll

            Dec 09, 2016 09:28 PM

            ll=lol obviously

            Dec 09, 2016 09:36 PM

            Ha! Agreed. It was just a good set up….

            Let me know if you find any other good miners to mull over.

            I saw your comment yesterday about Americas Silver having a nice Zinc component and just wanted to respond that there are a number of Silver miners that are going to get a boost that is not currently factored into their shareprice once they show that despite sideways to down Silver prices, that the rise in Zinc and Lead prices will have off-set some of the concerns. If Silver then goes up as well, they’re set to jet…..

          Dec 09, 2016 09:29 PM

          Also thank you guys for this interview.

      Dec 09, 2016 09:03 AM

      Excelsior Releases Feasibility Study with Post-Tax NPV of $807 Million

      Marketwired – Dec. 5, 2016) – Excelsior Mining Corp. (MIN) (EXMGF)

      http://www.marketwired.com/press-release/excelsior-releases-feasibility-study-with-post-tax-npv-of-807-million-tsx-venture-min-2180649.htm

        Dec 09, 2016 09:57 PM

        BTW – Taseko Mines is also permitting their Insitu Mining project in Arizona, so there is another company utilizing the low cost, low environmental impact, and lower capital intensive method for Copper extraction.

        _________________________________________________________________________

        The Florence Copper Project is an advanced-stage project that strengthens the Company’s near-term development pipeline

        In November 2014, Taseko acquired Curis Resources, the owner of the Florence Copper Project- an advanced-stage in-situ copper recovery (ISCR) project in central Arizona.

        https://www.tasekomines.com/properties/florence-copper

      Dec 09, 2016 09:57 AM

      Promoting your own company?

      Ulf
      Dec 09, 2016 09:57 AM

      Ha ha ha!

    Dec 09, 2016 09:41 AM

    Gold wants to go lower, no one can deny that. How strong is support? Weekend close below 1160 certainly does not bode well ahead of fed meeting. Come on gold and silver, stick it up em!!!

      Dec 09, 2016 09:35 AM

      The important thing is that silver is holding up far better than gold. SLV bottomed on 11/23 and gold just went lower and lower and is now threatening its 12/05 low. This is very good action as it shows that gold is doing poorly because the market expects significant price inflation and is favoring investments that will provide much more upside in such an environment.

      I’m glad SLV is filling Wednesday’s big gap…

      http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=2&dy=0&id=p72208773390

        Dec 09, 2016 09:37 AM

        Here’s GLD for comparison and it is oversold…

        http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=2&dy=0&id=p56799075133

          Dec 09, 2016 09:48 AM

          The miners continue to hold up much better as well. Let’s see if the coming Fed announcement will bring a quick plunge.

          http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=9&dy=13&id=p61726668245&a=492623528

            Dec 09, 2016 09:21 AM

            Matthew, while it isn’t a bearish sign, those divergences can be wiped away if the next leg down is powerful enough. We have seen this time and time again in the miners and other bear markets. Divergences get wiped out.

            The opposite is true in the stock market. Negative divergences end up going nowhere and the market just cranks higher and higher.

            Dec 09, 2016 09:50 AM

            Yes, you are absolutely right, and I do expect part of the discrepancies to get erased soon. However, it would take some really bad action to erase the bullish implications.

    GH
    Dec 09, 2016 09:41 AM

    My working hypothesis at this point is that sometime in the next few months, the markets will correct hard, as will the dollar, gold will go up. The ratio of the general stock market to gold and commodities will resume its fall. Gold will fall versus commodities over the long term, but the reverse will happen in the short term.

      GH
      Dec 09, 2016 09:41 AM

      The dollar seems ready to head into an ICL before long:

      https://likesmoneycycletrading.wordpress.com/2016/12/08/dollar-strength-5/

      GH
      Dec 09, 2016 09:52 AM

      Commodities vs S&P500. I’ve jiggered the long-term down channel a bit. Need more data to know how it should really be drawn, but having it hit last years low precisely is just as good a fit as I had before.

      Drawn this way it looks like an breakout from an enormous downtrend about ten years ago, that is now backtesting that breakout.

      http://stockcharts.com/h-sc/ui?s=%24CRB%3A%24SPX&p=W&st=1980-01-13&en=today&id=p84500204875&a=492601791

      Dec 09, 2016 09:55 AM

      Dude, you know how ridiculous your first statement sounds??? yeah, no $h!t the stock market will correct someday, maybe even someday soon. The yen is in freefall and the ONLY ones who know what happens next are Yellen, Kuroda, Draghi, Dimon, Blankfein and their cronies.

      As I said, when it comes to currencies, throw technicals out the window. 2012-2105 in yen proved that without a shadow of a doubt. Infinite supply is hard to overcome.

        GH
        Dec 09, 2016 09:59 AM

        Ridiculous, maybe. But it’s still my working hypothesis ;-).

        Here’s one of the yen for you Spanky:

        http://stockcharts.com/h-sc/ui?s=%24XJY&p=W&yr=10&mn=0&dy=0&id=p87146502292&a=443807618

        Let’s see how it reacts to the support and backtest of the breakout of the down channel.

        GH
        Dec 09, 2016 09:02 AM

        But really, ‘dude’ what’s more ridiculous, predicting a hard correction within a few months, or predicting there will never be a correction of more than 5% or 10% again?

          Dec 09, 2016 09:06 AM

          The former, because I understand the concept of infinite supply and nominal prices.

          Of course, in the very long run, $gold will rise in nominal terms, as it has to. But in the short run, all anyone is interested in is getting while the getting is good. The CBs are openly buying stocks–they even tell you which ones! It that immoral? Does that create the mother of all moral hazards? Is it destroying the capitalism? Yes, yes and yes, but that doesn’t mean I can’t or shouldn’t loot everything that isn’t nailed down in the meantime, like everyone else.

            GH
            Dec 09, 2016 09:16 AM

            Well, it would be ridiculous if I just said ‘stocks will correct hard someday’. But I’m putting a fairly short horizon on it. Q1 2017, and sooner rather than later I think.

            It’s not worth going round and round, b/c we’re all guessing, and I for one have certainly been wrong before. The argument is on the table, now time will tell.

            Dec 09, 2016 09:21 AM

            Spanky, you are assuming that you know where all the easy money will flow. There are way too many people who think that fundamentals don’t matter, many of whom are investment “professionals” and should know better.

            Plunging currencies are bad for the economy in real terms and that will send stock multiples even higher. Smart/big/connected money will overwhelm the Elmer Fudd with their selling as it rotates more heavily into the resource space where the real action will be.

            Stocks will go massively lower in real terms even if they manage to hold up in dollar terms.

            GH
            Dec 09, 2016 09:23 AM

            As far as nominal prices, that is why I am posting ratio charts.

            It’s far easier for me to imagine the S&P500 going up indefinitely in nominal terms versus real terms.

            If I wanted to be snippy, I would say that’s because I understand nominal versus real. I enjoy your views–keep it civil and we’ll get along fine.

            Dec 09, 2016 09:39 AM

            Like I said, in the long run, gold will obviously trade higher than something with infinite supply. If humans lived forever, like elves, maybe that demand would be pulled forward. but we are not elves. Markets can act irrationally for very very long periods of time. Afterall, goldbugs were saying back in ’73 that an irredeemable debt based currency was inherently doomed. And of course they are right, yet here we sit 40 years later, still talking about king dollar. And $gold went though a massive 20 year correction after 1980 in real terms. Why can’t it happen again? Again, over long periods of time, of course I would rather save and hold gold than paper currency. There are ebbs and flows to markets. The trajectory may be down, but price wiil oscillate above and below that trendline.

            Dec 09, 2016 09:13 AM

            The dollar remains the king of paper currencies but gold is the king of money.

            Gold actually held up quite well in real terms during that 20 year secular bear market. We know this because it essentially went nowhere versus oil and commodities in general. In addition, it averaged roughly $400 for that 20 years which is 10 times the price at which it started the bull market that it was digesting.

            The real weakness came at the end of the 1990’s when it did decline materially in real terms.

            Copper:gold is currently trading right in the middle of its 1988 – 2001 range. So nothing has really changed in real terms; both are trading at roughly 4 times their average dollar price from that period only because “king” dollar has collapsed.

            GH
            Dec 09, 2016 09:16 AM

            Spanky: ” Markets can act irrationally for very very long periods of time.”

            Absolutely true. I have a friend who spent time in the USSR in the 1980s. He tells me the economic reality there was so distorted that one could fly from the agricultural region near the Black Sea to Moscow, and pay for the flight with a bag of tomatoes (I forget what weight).

            So yes, in a closed economic system irrationality can go on for a long time. But in a global economy, sooner or later people will rebel against trading commodities for paper. The question is *when*.

            From my perspective, things are heating up, people are getting angry. The US gov’t has militarized the police and put everything in place to manage a rebellion. This suggests to me that the music will stop one of these days. It lines up well with the ‘Fourth Turning’ thesis, and their 20-year-old predictions. In short, I think we go through the wringer over the next decade, and who knows how it will turn out.

            From my perspective, your thesis and the one that Matthew, I, and others are putting forward are the two possibilities that bear watching. Maybe there are others, but they don’t occur to me at the moment. It will be interesting to watch things unfold, and note developments as they happen.

            Hopefully you and I will both prosper whichever way it goes!

      GH
      Dec 09, 2016 09:55 AM
        GH
        Dec 09, 2016 09:17 AM

        Note the lower highs and lows.

      GH
      Dec 09, 2016 09:56 AM

      Gold versus S&P500 has bottomed and broken out of the down channel, but is also backtesting that breakout.

      http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SPX&p=W&yr=20&mn=0&dy=0&id=p16126138943&a=404174778

    Dec 09, 2016 09:48 AM

    I will reassert that the current policy pronouncement out of the BoJ is intrinsically hyperinflationary. There is literally no floor under the yen until the BoJ backtracks.

    I should have gone long the US stock market as soon as they released that policy statement.

    Ironically, at least in the short run, a tanking yen will lead to tanking $gold. While $gold may outperform yen, the problem is the direction for both in USD terms is down.

    Sure we are due for a bounce, but I could have said that 3 weeks ago. The fact is that yen and gld are now on at least week 6 (!) having their daily stochastics oversold. That is such so statistically anomalous it is beyond belief. Nothing else that is traded behaves like this. It is literally a sign of unlimited, synthetic supply being dumped on the market, which is exactly what is happening. Except a CB never has to cover.

    Everyone is expecting this month to play out just like last December with respect to the metals. I have a feeling that things are going to get a lot worse before they get better. They will likely beat $gold (and yen) down mercilessly and quickly before letting a correction take place, which will have the effect of shaking out pretty much every last gold bull.

    I wish I wasn’t so damn cynical, and I could just blindly buy the stockmarket. The CBs have been blaring for 9 years that stocks are the place to be and there is not just an implied fed put, but an express one, and it is supported by every CB in the world.

    It is frankly incredible that CBs have such a huge impact on prices, but it is really a no brainer since they control the supply of money. Can you imagine if you had advance knowledge of what the BoJ was going to announce, what kind of power that gives you? It is the biggest scam perpetrated on mankind ever, as far as I am concerned.

      Dec 09, 2016 09:50 PM

      Intriguing isnt Spanky? Your assertion that something can continue to go lower in price as it becomes increasingly oversold is a good point. And its relation to “synthetic dumping” is valid. Is there a certain strong price support range that will always allow buyers to overcome sellers? Or is it just the big banks in accordance with CBs control both weak and strong hands with their unlimited supply, thus allowing a back and forth type action in price movement?

      Dec 10, 2016 10:29 AM

      Spanky:

      Everyone trading commodities both sells and buys. They may sell first but they still have to buy.

      You said this and it shows you do not understand how commodities work. Commodities are a zero sum game, one seller and one buyer. This is not true no matter how much you believe it.

      “It is literally a sign of unlimited, synthetic supply being dumped on the market, which is exactly what is happening. Except a CB never has to cover.”

    GH
    Dec 09, 2016 09:11 AM

    Definitely a scenario worth keeping in mind.

    One has to be cynical, and I fully agree with you on ‘the biggest scam ever’.

    I simply don’t see how paper assets go up versus real assets indefinitely. They’ve already gone to an extreme, and I believe reversion is due.

      Dec 09, 2016 09:27 AM

      Of course, but rising commodities vs stocks is the last thing global CBs want. At best they will keep commodities flat to down, while stocks continue their ramp to inifinity.

      They will throw the commodity market a bone every now and then, and they will allow for controlled 5-10% corrections every now and again in the stock market as soon as technicians come out of the woodwork and start noticing how anomalous the price action is in term of lack of corrections.

      Is it any coincidence that the ECB and BoJ ease right on cue? absolutely not. They know exactly what they are doing, and they want USD much higher before the next fed easing cycle kicks off, which could be a decade from now or tomorrow, Killing the yen also keeps a lid on commodities and the PMs, which is awesome for equities as far as input costs and profitability.

        Dec 09, 2016 09:25 AM

        They can buy a little time but that’s all. They can’t print commodities.

        Dec 10, 2016 10:31 AM

        Spanky:
        If you would look at the charts, commodities have been rising for a year and rising faster than the stock market.

    Dec 09, 2016 09:26 AM

    The Stealth Uranium Rally
    by Ceo Technician

    “While the uranium spot price has continued to drift lower ($18/lb at last check), we have witnessed a broad upturn in the uranium exploration and production sector:”

    http://energyandgold.com/2016/12/09/the-stealth-uranium-rally/

      Dec 09, 2016 09:31 AM

      Uex on fire today, love it, first sign of an uranium micro baby bull, 😄😄

        Dec 09, 2016 09:12 AM

        I posted a nice list of all the gainers on the OTC & US markets and did add in a few of the primary Canadian tickers as well to show the overall trend. Unfortunately I haven’t had time to create spreadsheets with every stock in the primary ticker, and Bob M. and Matthew made a good point about that other day (and CFS has in the past).

        Still, if anyone wants to see the trend in Uranium miners as a group today click on the link and that list should be visible if you scan back up the page:

        https://www.ceo.ca/uranium

        Dec 09, 2016 09:06 PM

        Blue,

        Have you heard of Roasan,the Swedish TA/EW guy? Do you have an opinion about him?
        He´s got some really bearish bottom targets(with BMR on the way down) for Gold and Silver,before take of.
        Thanks

        http://roasan-bullbear.blogspot.se/2016/12/och-ravaror-infor-veckan.html

          Dec 09, 2016 09:44 PM

          Hmmm I’ll have to check out this Roasan guy. Not familiar with him.

          I’m guessing the BMR is Bear Market Rallies…. Correct?

          Thanks

            Dec 09, 2016 09:04 PM

            Excelsior,

            “Hmmm”,was my thoughts too when i first saw his Gold/Silver targets.
            Yes,i meant bear market rallies
            I have not followed his work for very long,so i have no opinion about him yet.

            And thank you for all the great stuff that you post.

          Dec 10, 2016 10:07 AM

          Hi Pete!
          Never heard of this guy. He seems very bearish on gold and silver and bullish on copper, Usd. He uses EW analysis like you said. I will follow him and see how he will do. Thanks for bringing him up. Right now Im hooked by the Uranium sector and a little defensive about gold and silver. Maybe Uranium is tired of being in a bear market and taking its first baby bull steps. Its been down a lot and for a long time thats all that matters big upside low downside. Maybe 2017 will be good to uranium stocks, Im ready😄
          My plays right know are Uex, Cvv and Efr.
          Have a nice weekend🍻

      Dec 09, 2016 09:22 PM

      Sold all my UUUU for a 26% short term gain

        Dec 09, 2016 09:42 PM

        Nice,Marty
        I sold some Energy fuels today too,
        Maybe the gap will get filled next week 🙂

        Dec 09, 2016 09:40 PM

        Nice Marty. I trimmed a little off my DNN and UEC positions to put the profits to work elsewhere, but left my UUUU, URG, URRE, UEXCF, and NXGEF alone to ride higher.

          Dec 09, 2016 09:48 PM

          Really I wanted to just let them all ride, but I keep seeing deals in precious metals and felt a bit over-exposed to Uranium the last few months, so I decided to use the recent rally to lighten up a little.

          Longer term I believe most of these Uranium stocks are going much higher, but its been a long wait, and I’m not sure if we just saw THE BOTTOM or if this is just another counter-trend rally, but if this is the beginning of the upswing, there will still be time to position before things really get heated up in the space again.

            Dec 09, 2016 09:31 PM

            In five weeks CCO has gone from $9.88 to $13.94 CDN, that’s a forty per cent increase. I think they are shutting down supply, we should call Cameco “The Uranium Cartel”, or the blue eyed Arabs. DT

    Dec 09, 2016 09:29 AM

    Alterra Power and Axium Infrastructure Extend Service Contract at Dokie
    Dec. 7, 2016 /CNW/

    **About Alterra Power Corp.

    “Alterra Power Corp. is a leading global renewable energy company, operating seven power plants totaling 819 MW of generation capacity including British Columbia’s largest run-of-river hydro facility and largest wind farm, the recently completed Shannon and Jimmie Creek projects, and two geothermal facilities in Iceland. Alterra owns a 381 MW share of this capacity, generating over 1,700 GWh of clean power annually. Alterra also has an extensive portfolio of exploration and development projects and a skilled team of developers, builders and operators to support its growth plans.”

    http://www.newswire.ca/news-releases/alterra-power-and-axium-infrastructure-extend-service-contract-at-dokie-605210766.html