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Gunnison Copper (TSX: GCU)(OTC: GCUMF) CEO Stephen Twyerould on Strategic Financing, Nuton Partnership & America’s Next Copper Growth Story
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president & CEO of Gunnison Copper (TSX: GCU)(OTC: GCUMF) — Mr. Stephen Twyerould. Stephen, it’s great to have you back on. It’s a busy time in the space. We have gold above $4,100, silver above $50, and copper futures over $5. A lot going on.
You’re America’s newest copper producer. You just announced a financing for up to C$15 million, and you also reported preliminary results from the University of Arizona’s Economic Impact Study, highlighting, among other things, a multi-billion-dollar benefit.
So, a lot there. How are you today?
Stephen Twyerould: I’m doing really well, thanks, Gerardo. It’s been a busy week and a busy time in the market and around the world, and we’re very excited about the future.
Gerardo Del Real: Let’s start with the financing. You’re raising C$15 million. The stock has performed well. Clearly, there’s been a lot of pent-up demand. And with the markets being what they are, I suspect it’s probably a strategic placement. Is that accurate?
Stephen Twyerould: Yes, we’ve had so much demand for the stock. We’ve got people calling us — some big names — wanting to put money into the company. We looked at our cash position, and although it’s really good, we really want to get this pre-feasibility going.
We’ve got drilling that we want to do, mostly metallurgical-style drilling. We did that recent high-value-add study with the mineral sorting that returned exceptionally good results. Now, we want to leverage those results, get that rig on the ground, and get the metallurgy going to move the pre-feasibility forward quickly.
Gerardo Del Real: Let’s talk about the study from the University of Arizona — the economic impact study. That seems like a pretty meaningful peek through the window at the path moving forward.
Stephen Twyerould: It certainly is. The economic benefit to the state and to the local communities around us are significant. What some people don’t know is that the property taxes on some of these mining assets go directly into the county. So it’s a direct local benefit to the people and communities around us.
Gerardo Del Real: It seems like, from the outside in, you have a lot of momentum and a lot of things going for you in terms of upcoming catalysts. How do you close the year out?
Stephen Twyerould: There’s so much going on. At Johnson Camp, this whole Nuton process we’ve been working on for the last 12 months or so — we should see some leaching activity on that Nuton sulfide stockpile before the end of the year.
We’re aiming to see some copper from that stockpile before year-end, which would be a world’s first, frankly, so we’re excited about that. That copper will contribute to total production from the Johnson Camp Mine, which is great news.
Then there’s the Gunnison high-value-add program. We’ve already released some results on the mineral sorting and we’ve got more results coming from other activities we’re doing. We should be able to get those out to the market over the next month or so. Fingers crossed, we’ll also get the updated Preliminary Economic Assessment for Gunnison completed before the end of the year.
Gerardo Del Real: That’s a lot to like and a lot to get done. Thank you so much for your time, Stephen. Looking forward to having you back on once those results start coming in.
Stephen Twyerould: Yes, I’d be happy to get back on with you, Gerardo.
Gerardo Del Real: Alright, thanks as always. Cheers.
Stephen Twyerould: Thanks, bye.
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