The Wealth Holders Podcast

011: MIN - Mark Morabito


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Mark Morabito is the founder and CEO of King and Bay. He is also the Chairman of Excelsior Mining Corp (TSE: MIN). 

A new and unique  producer of copper in Arizona. Their Gunnison project uses the In-Situ recovery method for extracting copper from the ground. Instead of creating a big hole in the ground and digging the copper out, they are pumping it out. Using a diluted sulphuric acid solution to break down he copper and extract it without having to dig a huge pit in the ground. A common method for some commodities but rather unique for the copper industry. Mark believes the geology is perfect for this new and very environmentally friendly way of extracting copper from the ground. 

Mark dives into a crazy example of political risks in the mining industry and tells you how it is. You are really going to enjoy the Vault on this episode!

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The Wealth Holders PodcastBy Canadian Kyle