Excelsior Mining has property north of Hay Mountain on US Hwy 10. They completed pre feasibility some many months ago, and the study suggests an internal rate of return (IRR) before taxes of almost 60 percent.

Under "normal" market circumstances, this is very, very attractive, yet they have not been able to find a partner or otherwise raise funds to develop the property.

Todays news announces their hiring of a marketing firm to assist with finding a partner or investor. Some here may be interested in seeing at what cost.

http://finance.yahoo.com/news/excelsior-provides-marketing-extends-stock-200500791.html

Anyway, the fact that a mining project showing a 60 percent IRR goes begging is just another (bad) sign of the times.

...not a direct comparable for a number of reasons, including the fact that what can be had out of this property is peanuts compared to the elephant that Hay Mountain may prove to be.

VP