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Koryx Copper Inc V.KRY

Alternate Symbol(s):  KRYXF

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.


TSXV:KRY - Post by User

Post by Tree2treeon Feb 10, 2023 7:46pm
783 Views
Post# 35280935

We have no clue what Namibia will do

We have no clue what Namibia will doIt's tempting to daydream about what a favourable court decision could do for DSM.  But the reality is that we have no clue what the court and the Namibian government will do.  The government that took away the licence is still in power and still in control, even if cases of corruption have come to light.  The fact is, for the Namibia project to go ahead, it not only requires a 100% clear and timely court decision, but also the full support of the government.  How likely are both of those conditions?  We on the outside simply have no clue.  Actually, maybe we do have a few clues including:
- The government's initial decision to withdraw the licence, which came out of the blue, demonstrating the unpredictability of this government.
- The repeated delays and stalling tactics in the legal process so far.  There are probably endless ways that the court could avoid making a decision that directly results in the project being reinstated.

Of course you can make a lot of arguments as to why DSM should win, and of course management and its true blue supporters have been making those arguments.  But suppose somebody approached you on the street and said, "Would you like to bet $10,000 on the possible outcome of a court case in Namibia?"  What would you do?  I think I'll pass.

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