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Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based emerging copper development company. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. Canariaco comprises 97 square kilometers (km2) of highly prospective land located 150 kilometers (km) northeast of the City of Chiclayo, Peru, which include the Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect. Its 100% owned Arikepay Copper-Gold Porphyry consists of three claim blocks totaling 1,800 hectares (ha). The property is located approximately 110 km south of the city of Arequipa in southern Peru. It has a 100% interest in the Don Gregorio property which is a copper-gold porphyry target located in northern Peru 140 km north-northeast of Chiclayo in the department of Cajamarca. Its Canyon Creek property is located in the northwestern end of the Quesnelia Zone (Terrane) approximately 160 km from the Red Chris Mine, 15 km from a main highway and 60 km from the town of Dease Lake.


TSX:ATCU - Post by User

Post by nizzaon Jun 16, 2024 2:04pm
100 Views
Post# 36091199

the right price at the right time

the right price at the right time
GB once suggested USD 300 million as a minimum takeover price, if I remember correctly.
 
But that was probably over a year ago and was therefore before the revised PEA in May of this year.
 
In my opinion, however, this would have brought an inherent increase in the value of the property.
 
I wonder if, for example, if Fortescue were to offer USD 300 million for Alta, other majors would not bid,

because in my view such a price seems too low given the resources and potential.
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