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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

Comment by DeepdiveNon Oct 22, 2021 3:22pm
267 Views
Post# 34038778

RE:CANDENTE COPPER GOLD RESOURCE VALUED AT $0.60 CENTS SHARE

RE:CANDENTE COPPER GOLD RESOURCE VALUED AT $0.60 CENTS SHARESounds reasonable and money is around! Annual copper production is about 18 million metric tons. In the past years until 2020 copper/ton averaged at least $3000 lower than this years current average. For 2021 this means at least 18mio x US$3000 = US$54billion extra (!) on the worldwide copper balance sheets. Even mid-size copper producers were flooded with billions of unexpected cash to be spend. US$0.5 billion for one of the very few feasible projects around seems plausible (i.e. less than 0.5 NPV with copper only $2.50) This is the real game changer for Candente. Six weeks to go for the new PEA and more options for take-off...finally!!!
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