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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

Post by nizzaon Jul 25, 2024 7:00am
211 Views
Post# 36147467

Good question

Good question
That's a legitimate question. I think one point could have been the further strategy.

For example, Joanne might have been interested in drilling and defining Norte, Sur and Verde first and then agreeing to a sale.

This could have been against Fortescue's interests.

Another possibility is that Joanne might have had the idea of separating the company shares that

might be sold from the rest or outspinning them - as was the case with Cobriza Metals.

Canyon Creek, for example, has nothing to do with Canariaco.

In principle, such a project could be separated out before the sale.

This in turn could again be against Fortescue's interests.

Whatever the case, my impression is that it might not do any harm if a breath of fresh air came in.

The pace and drive seem to have increased.

That is to be welcomed.

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