Alta Copper Corp T.ATCU

Alternate Symbol(s): ATCUF

Metals & Mining Copper

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.

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Alta Copper Corp

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Comment by PAiron Jul 20, 2011 7:31am

155 Views

Post# 18850531

RE: ARG selling 5 million shares (iinsider)

It's possible they sold because of the Humala issue. Who knows. I don't follow the company but from a quick look they currently have about $25 - $30M in cash (includes the cash made on 5M dnt shares). They seem to have one major project only (all eggs in one basket - can be dangerous). So they may have acquisitions plans or expansion plans and $25M may not be a whole lot of money after all. So giving out a small dividend does not necessarily mean that they have no need for extra money. As a producer they need to keep growing and that can cost money.

jmho

P-Air

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