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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 Yepnewpapyon Aug 27, 2024 11:03am
92 Views
Post# 36197665

Haib copper deposit

Haib copper depositLooking at TECK  operations we must conclude that Haib is to small for TECK and too large for a small cap
The Chinese road, definitely not now as China is experiencing all kind of internal economic problems

The market is always smart and acknowlede that KRY will need to raise more money, thherefore creating dilution for existing stock holders

The market acknowledge that  KRY is in a situation called ''damned if you do damned if you don't'' this is why the stock is back to 0.14-0.15¢ pre reverse

GLTA
 
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