Koryx Copper Inc V.KRY

Alternate Symbol(s): KRYXF

Metals & Mining Copper

Koryx Copper Inc. is a Canadian copper development company focused on advancing the 100% owned, PEA-stage Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large and advanced copper/molybdenum porphyry deposit in southern Namibia. The Haib Copper project, Exploration and Prospecting License 3140, is held by Haib Minerals (PTY) Ltd, a Namibian corporation fully held by the Company. It holds the option to acquire up to 80% of three large scale exploration licenses in the copper belt in Zambia. The licenses include Luanshya West project (LEL 23247), Chililabombwe project (LEL 23247), and Mpongwe project (LEL 23248). The licenses cover about 752 square kilometers in the Central African Copper belt. LEL 23247 is situated in the center of the Zambian Copper belt, which forms part of the Central African Copper belt. The three licenses sits on the same side of the Copperbelt, which hosts nine large copper mines.

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Koryx Copper Inc

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Comment by Canoutchieon Nov 30, 2010 8:42pm

237 Views

Post# 17780434

RE: funny how NAV goes up and stock goes down

I've got this stock on my watchlist, but one thing that concerns me is that DSM has "a strategic stockpile in a LME-approved metals facility in Pusan, Korea".

I've not done full due diligence, but I'm wondering about recent threats and rumblings about military action in that region of the world (North Korea's recent shelling of South Korea). It's great that DSM has a stockpile of heavy rare earth elements in S. Korea; but if tensions flare up, then the risk of being able to safely deliver the HREE's comes into question.

I recognise that this is a BIG "if"... but I'm left to wonder if uncertainty in the Korean pensinsula has any direct result on DSM's suppressed stockprice (i.e. NAV < SP).

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