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Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

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.


TSX:ATCU - Post by User

Bullboard Posts
Post by Roundtripon Aug 16, 2008 7:21am
403 Views
Post# 15389416

8.9 billion lbs of copper

8.9 billion lbs of copperRecent takeovers of copper deposits have run at between .035 to .05 cents per pound of copper.  That would give DNT a value of between $3.30 to $4.70 per share.  The May 29th news release stated that they hoped to increase the tonnage by 15 - 20 % with infill drilling so hopefully when the feasibility study and new resource estimate are released in 4Q this value will have increased.  In the meantime we will be getting the drill results.  As drilling started early June, first results may be announced within the next month.  Sure is a great opportunity for new investors. 
Bullboard Posts