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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Comment by member321on Feb 25, 2011 3:01pm

162 Views

Post# 18195697

RE: I dont get what Shawskank?

Whiz, in the news release they listed 12,000 kgs dysporisium Fe at a cost of $3,500,000.00 which works out to the $291.67/kg that you quoted when you asked your question.

The cost coloumn does not list what all those cost are. Since Dacha is taking delivery of the metal the costs included the spot price of $210/kg you quoted plus costs of delivery, taxes, commissions, storage, etc.

Dacha is not future trading in REEs and not taking delivery. They are making purchases and taking delivery which entails additional costs to guoted metal prices.

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