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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 Sep 24, 2024 10:15am
79 Views
Post# 36238167

In the PR

In the PRNew management are the boyz from Osino Resources

https://osinoresources.com/about/#:~:text=Osino%20has%20a%20commanding%20ground,Navachab%20and%20Otjikoto%20Gold%20Mines. 
Osino sold a gold project  located in Namibia, to a chinese company, 
Shanjin Gold International (https://en.sji-gold.com/)
THE KEY WORD HERE IS GOLD
THE KEY WORD FOR KORYX IS ''''COPPER'''' 


Koryx did hire a bunch of specialists to complete a ''sale kit''.
Even with a new crew and new reports selling a copper deposit is a different ball game especially when the GOLD market catch most of the attention.
The problem with HAIB is tha it's a small deposit too large for a small cap and too small for a large cap. if Haib was large enough TECK would have bought it  but they did not and will not.
Despite the fact that Haib is a small deposit the stratup cost for production is 340,000,000 $U.S.

Maybe at a deep discount sale price Koryx will find a new home for Haib.

GLTYA 



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