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Koryx Copper Inc. V.KRY

Alternate Symbol(s):  KRYXD

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).


TSXV:KRY - Post by User

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Post by saltchukon Jan 04, 2012 12:06pm
276 Views
Post# 19368934

Excellent value here

Excellent value here

 

Dacha Reports Assets of US$1.47 Per Share With Inventory Valued at US$107.4 Million as of December 31, 2011

01/04/2012


TORONTO, ONTARIO--(Marketwire - Jan. 4, 2012) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce the estimated market value of its Rare Earth metals inventory. As of December 31, 2011, the estimated value of its metals inventory was US$107.4 million, a decrease of US$4.1 million, or 3.7%, from the estimated value of US$111.5 million at November 30, 2011, as reported in the Company's December 2, 2011 press release.

Assets include metal inventory and cash. At December 31, 2011, in addition to its metal inventory, which had an estimated fair market value of US$107.4 million, the Company's had cash of approximately US$3.1 million for a total of US$110.5 million, or US$1.47 per share, based on 75.2 million shares outstanding, or, US$1.25 per share on a fully diluted basis of 95.6 million shares outstanding.

As at December 31, 2011, Dacha's physical inventory portfolio consisted as follows:

----------------------------------------------------------------------------Metals Inventory         Grades(i)    Quantity  Spot Price/kg   Market Value12/31/2011                                (Kg)          (US$)  (US$millions)--------------------------------------------------------------------------------------------------------------------------------------------------------Busan, South Korea--------------------------------------------------------------------------------------------------------------------------------------------------------Dysprosium Oxide               3N+      15,000         $1,805          $27.1----------------------------------------------------------------------------Dysprosium Fe              Santoku      12,000         $2,300          $27.6----------------------------------------------------------------------------Neodymium Oxide                4N+      18,000           $235           $4.2----------------------------------------------------------------------------Terbium Oxide                  4N+      14,000         $2,855          $40.0----------------------------------------------------------------------------Yttrium Oxide                   5N      14,000           $155           $2.2--------------------------------------------------------------------------------------------------------------------------------------------------------Jurong, Singapore--------------------------------------------------------------------------------------------------------------------------------------------------------Gadolinium Oxide              4N5+       9,950           $270           $2.7----------------------------------------------------------------------------Lutetium Oxide                 4N+       2,900         $1,250           $3.6----------------------------------------------------------------------------Total:                                  85,850                        $107.4---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------(i)Grades:4N   = 99.99%4N+  = 99.99+%5N   = 99.999%4N5+ = 99.99%/99.999+%

 

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