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 Mar 29, 2011 6:29am

373 Views

Post# 18353894

RE: Re sale of EUROPIUM

What they did was exchange one asset (Europium) for another asset (cash) and in the process make profit that increased the NAV of the company.

With this cash asset they can now go out again and exchange that for another REE asset with the potential to turn a profit again.

This is good business.

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