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Coppernico Metals Inc. CPPMF


Primary Symbol: T.COPR

Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders through diligent project evaluation and exploration excellence in pursuit of the discovery of world-class copper-gold deposits in the Americas. The Company’s management and technical teams have a successful track record of raising capital, discovery and the monetization of exploration successes. The Company, through its wholly-owned private Peruvian subsidiary Sombrero Minerales S.A.C., is currently focused on the Ccascabamba (previously referred to as Sombrero Main) and Nioc target areas within the Sombrero Project in Peru, its flagship project, and is regularly reviewing additional premium projects to consider for acquisition. The Sombrero Project is a land package of approximately 102,000 hectares (1,020 square kilometres) located in the north-western margins of the world-class Andahuaylas-Yauri trend in Peru. It consists of a number of prospective exploration targets characte...


TSX:COPR - Post by User

Bullboard Posts
Post by bigtopperon Jun 20, 2013 1:05am
410 Views
Post# 21546408

Annual Meeting

Annual Meeting

A couple of interesting comments at the meeting. Mgmt was asked if they had considered installing another SAG mill which prompted a tongue in cheek remark about SAG mills not being their favourite piece of machinery so NO was the answer.  They indicated that high energy blasting and precrushing was a more efficient method of increasing mill throughput. While a final decision for an additional crusher has not been made, it sounds like a foregone conclusion to be made in the next few weeks. Cost about 35 million to be financed 25% by Mitsubishi, around 20 million in returned loan payments and the rest from cash flow. Meanwhile for the next year they expect throughput of around 35,000 TPD with blasting and contract precrushing. After that the new crushing unit should increase production to around 40,000 TPD. The most interesting number was the latest recovery rates which exceed 90% - a marked improvement over the last few weeks due to new video monitoring and other initiatives. Hopefully this can be maintained.

Bullboard Posts