Koryx Copper Inc. V.KRY

Alternate Symbol(s): KRYXD

Metals & Mining Copper

Koryx Copper Inc. a Canada-based mineral exploration and development company. The Company is in the business of exploring and evaluating mineral properties located in Africa. Its Haib copper project is located in the south of Namibia. The Haib project lies approximately 12 to 15 kilometers (km) east of the main tarred interstate highway connecting South Africa and Namibia and the nearest railway station is at Grunau, approximately 120 km north on the main highway. It also holds three copper exploration licenses in the center of the Zambian Copper belt, which includes Luanshya West project (license 23246), Chililabombwe Project (license 23247), and Mpongwe project (license 23248). The license 23246 covers approximately 5,423.26 hectares (54.24 square kilometers (Km2)). The license 23247 covers approximately 2,200 hectares (22.5 km2). The license 23248 covers approximately 67,500 hectares (675 Sq. Km).

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Koryx Copper Inc.

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Post by a5a22406on Feb 27, 2006 2:01pm

428 Views

Post# 10429568

Focus on the after-merger facts.......

YRI will be producing copper next year from one of their properties. They have 1.3B lbs of copper and will be producing over 100M lbs next year, which will be counted as credits to reduce their cash costs for their gold production. And, after merger is completed, "Cash costs projected at US$270 per ounce of gold in 2006, with US $125 and US $115 per ounce of gold projected for 2007 and 2008, respectively."

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