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Koryx Copper Inc V.KRY

Alternate Symbol(s):  KRYXF

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.


TSXV:KRY - Post by User

Bullboard Posts
Post by saskstockson Jun 13, 2011 11:29pm
354 Views
Post# 18710474

Been Following This...

Been Following This...for a while and having a hard time understanding it. Sure Dacha has a warehouse with REE's that have gone up in value and will continue to do so as long as they hold but not for the indefinite future.... So as the sell as they have done with the last 2 sales and increased their cash position, what can they do to increase the value of this cash position.... Hard to get a good buy anywhere on any future inventory. So, as they sell and bring down their inventory and increase their cash position what is there in the future to increase the NAV beyond the inventory value going up ?? I see this as maybe a short term investment but have lots of trouble with the long term strategy here... Comments ?
Bullboard Posts