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.

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Koryx Copper Inc > Need you advise

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Comment by aogoogson Apr 27, 2021 4:29pm

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Post# 33076437

RE:Need you advise

-Had another company I follow sell their copper assest (not nearly the potential of dsm) at 3 cents per lbs in december so that would be $150 million US.
-Heard a ceo talk about last time copper was at $4 the price was 5-10 cents per lbs so that would be $250-$500 million
-Another poster said in response letter dsm ceo said 10% post pea 20% prefeasibility and 40% post feasibility if I remember correctly
This makes me think dsm should be worth 10-30% NPV by the end of the year not taking into account the satellite potential.

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