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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.


TSXV:KRY - Post by User

Koryx Copper Inc
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Comment by texasbobon Jul 11, 2011 3:26pm
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Post# 18819297

RE: news out

RE: news out
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Dacha Reports Assets of C$1.76 Per Share With Inventory Valued at US$132.1 Million as of July 11, 2011
Dacha Strategic Metals Inc DSM
7/11/2011 3:18:04 PM
TORONTO, ONTARIO, Jul 11, 2011 (MARKETWIRE via COMTEX News Network) --

Dacha Strategic Metals Inc. ("Dacha" or the "Company")(TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce the continuedappreciation of its Rare Earth metals inventory. As of July 11, 2011,the estimated value of its metals inventory is US$132.1 million, orC$126.9 million, an increase of C$27.8 million, or 28%, from theestimated value of C$99.1 million at June 30, 2011, as reported in theCompany's July 5, 2011 press release.

Assetsinclude metal inventory, cash and marketable securities. At July 11,2011, in addition to its metal inventory, which has an estimated fairmarket value of C$126.9 million, the Company's equity investments had anestimated fair market value of approximately C$3.1 million and cash ofapproximately C$5.2 million for a total of C$135.2 million, or $1.76 pershare, based on 76.7 million shares outstanding, or, C$1.45 per shareon a fully diluted basis of 100.7 million shares outstanding.

As at July 11, 2011, Dacha's physical inventory portfolio consisted as follow

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