Koryx Copper Inc V.KRY

Infill Drilling Program

[aogoogs]

As we get closer to information about the current drilling program it seems that if they are able to raise average grade from .31% to even .36% it would raise post tax NPV to US$1.51 billion at copper price of $3.50. This would be incredible for a company with a maket cap of under CAD$30 million. Would appreciate it if someone could explain if this is incorrect.
Thanks -AO

[tombethune]

not to mention copper is trading at $4 and is only going to go up. JP Morgan predict $5.50/lb I think in the near term.

[aogoogs]

At $5.50 we would be looking at an after tax NPV of $2.5 billion with current copper grade and %80 recovery. Add to that increased grade, increased recovery to 85% which will be part of the metallurgical study this year, and any additional resources from the multiple satellites they could test later in the year and this could be a monster.

[Yepnewpapy]

Purpose of infill drilling,  drilling high grade targets  and drilling at depth  is to increase the total resource and lift some tons in upper category in the 43-101. The end result for DSM is to sell HAIB at higher price It is reasonable  to think that DSM selling price could be as high as 10% NPV Which is 1$ per share Small cap price targe is 0.62¢ This one of the

[CopperKing101]

10% of NPV?? That would be a steal!!! After this round of drills and hopefully, they show some high grade with length, helping get the overall grade up to .5%, with 3-4 billion lbs inferred, this goes off for at least $200-$250 million, higher if copper breaks thru $5.00. What we need to watch for is after the first round of drills that the Chinese don't throw out a low ball offer and steal it

[CopperKing101]

Sorry....meant to say the resource gets to 4 billion lbs plus indicated......its already at 3.2 billion, and with these infill drills happening, if the grade comes in, we could get there....

[tombethune]

I emailed the company's info@ address asking when to expect drill results. Got a reply from Pierre.  He said drilling starts in April and we should get updates every month afterwards for 4-5 months.  I'm thinking we'll see incremental uplift in the stock price each time news is released, provided the results are favourable, and then a big uptick when the 43-101 is

[aogoogs]

Thanks, great info. As far as sales price goes, I just saw another company I follow sell their copper prospect recently for around 3 cents per lb of measured/indicated+inferred. This would put us north of us$150 million prior to any additional resource update and not taking into account the 5+ satellite locations.