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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
Comment by PAiron Mar 22, 2011 10:08am
354 Views
Post# 18321202

RE: RE: what we know for sure

RE: RE: what we know for sureI'm not sure that a potential suitor would have to rush because of drilling on Sur. If ever a company buys Canariaco Norte, the 3 projects close by would most likely be developped as one. But there is nothing preventing a buyer from going ahead with Norte and waiting 5-10 years before moving on Sur. It would be unlikely that another company would come in and bid for Sur in a year or two if somoene else already has Norte and a Mine and plant in hand. Also if ever Norte is sold by itself first, the buyer would probably have a clause that gives them the "first right of refusal" on Sur & Verde.

I myself would rather sell Norte with a good premium and add Sur to the deal and get it over with. Time will tell.

jmho
P-Air
Bullboard Posts