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Chakana Copper Corp V.PERU

Alternate Symbol(s):  CHKKF

Chakana Copper Corp. is a Canada-based minerals exploration company. The Company is engaged in advancing the Soledad Project located in the Ancash region of Peru. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. The Soledad project is located in Ancash province of central Peru, approximately 260 kilometers (km) north-northwest of Lima and 35 km south of Barrick’s Pierina mine. The project is part of the Ticapampa-Aija Mining District in the Cordillera Negra. It also holds an option interest in other mineral concessions owned by Minera Barrick Misquichilca S.A. Its wholly owned subsidiary is Chakana Resources S.A.C.


TSXV:PERU - Post by User

Comment by IgnacioCashmereon Jan 22, 2024 10:36pm
148 Views
Post# 35840135

RE:Top?

RE:Top?It's very early, if they find a bulk tonnage copper porphyry.  Its early, if half their breccia pipes are as good as the 7 they have an NPV on. There's ~ 100 pipes, & they only have estimates on 7. The share price doubled on the PP offering, so it is indeed over for that 1 chess move. I was lucky to step in & step out for 50% gain in 7 days. Now we wait for the drilling results, which will be many months from now. I don't see any catalyst coming before then that will move the price. The market cap is ~$17 MM USD. If they find bulk tonnage porphyry,  it will likely be 60 MM minimum. If they get MRE on all the exploitable pipes, probably 50 MM minimum. If they drill home runs in copper/gold/molybdenum bulk tonnage, could be $200 MM. Plenty of ways to earn 3X-10X here in 5 years, if drilling yields good results. Definitely still early in the Lassonde Curve. 
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