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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
Post by bigmoney14on Feb 13, 2014 1:48pm
323 Views
Post# 22205918

DNT Valued at $3.75/share

DNT Valued at $3.75/shareAgreed money is required. DNT has optioned out Arikepay copper-gold porphyry project as per the news release Dec12/13 to help the cash flow. https://www.candentecopper.com/s/NewsReleases.asp?ReportID=615544 They have also cut back on a lot of expenditures to preserve cash. Why they didn’t hold on to some of the cash they had to ensure they could finish Norte is probably a more complicated answer but facts are that it is gone and dwelling on it will not solve anything. Selling properties to raise cash sound good but I don’t think selling Sur in particular is a good idea. The facts are Sur will considerably increase the pounds of copper in the ground already established at Norte. Norte’s infrastructure can be used for the Sur deposit; meaning there is no extra costs to develop the deposit other than to dig up the metals and transport to the Norte site. Norte combined with Sur makes for a HUGE deposit splitting them up just makes them both less attractive. Soon DNT will be approached to sell or joint venture with a Mid-Tier producer. The producer will be looking at Norte and Sur together to establish the market price. Based on some analysis from some institutions Norte and Sur combined should fetch roughly $3.75/share. In the past Norte could have fetched about $4-$5/share on its own but given the economic climate the $3.75/share is more realistic and the price includes Norte and Sur together. It has been noted J. Freeze rejected a $2.00/share offer years ago letting the investment community know she wanted nothing less than $4.00/share. Times have changed for the good and the bad, the good is that Norte and Sur equal a world class deposit worthy of at least $3.75/share, the bad is that investors could have got a lot more per share in the past for this size of a deposit. The producers interested in purchasing or joint venturing understand the current economic environment and know that if they want to secure a large deposit the best time to do it is now at a discount before the economy is booming again and they need to a pay a premium. Money can be found and usually the smart money already has it and are waiting to pounce on their target.
Bullboard Posts