Alta Copper Corp T.ATCU

Alternate Symbol(s): ATCUF

Metals & Mining Copper

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.

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Alta Copper Corp

Bullboard Posts

Comment by RBCHY7on May 09, 2008 3:07pm

295 Views

Post# 15057381

RE: Resource Estimate

What did you guys think of the Global Copper Takeover? I thought it was very creative on their part. Give up their flagship porphyry and receive approx $12 per share or about $400 million? Plus they get $10 million in cash and get to keep the rest of their properties and start the process all over again (under a new name).

I would love to see Candente adopt this style of takeover. Global Copper had approx 8-9 billion pounds of copper as well, didn't they? They had higher grades but Candente has a lower cost operation under the starter pit scenario. Can anyone confirm...was Global Copper taken out at 0.05 per lb? $400 million would put Candente around $5 per share.

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