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.

TSX:ATCU - Post by User

Alta Copper Corp > Dumb Deal

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Comment by swpbon Jan 08, 2023 1:52pm

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Post# 35209792

RE:Dumb Deal

MisterMarket wrote: The fair value of Candente shares as debated before on this board is about $3 /share. The 22.2 million shs Fortesque wants to buy are worth about $67M (22.2 M X $3) and Fort wants to buy them for $4 million. That is 6% of their value or 6 cents per 1 dollar of stock.

Fortesque must think we are dumb or they may want to test our intellegence. They said $3 million of the private placement will be spent on drilling. Investors are always attracted by drilling, they think a big jackpot will be found. We already have a big jackpot with Billions and Billions of pounds of copper, a critical metal. If they do find another Canariaco DNT would be worth much more than $3. Other majors would be attracted and bidding for the company will start at $3 a share. Fortesque will likely drill where they are sure to find nothing. The offer to drill is BAIT that will only catch suckers.

I don't see why a white knight doesn't step up and offer to buy into Candente. Or why some big speculator doesn't start buying up Candente stock and give Fortesque a run for thjeir money.. I think shareholders would be appreciative of someone who gives them value rather than try to buy the company for pennies on the dollar.

Merry Christmas

agreed!

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