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#1
COPPER KING MINING CORP
ISIN: US21750M1099
Symbol: CPRK
http://www.copperkingmining.com/
About Copper King Mining Corporation:
Copper King Mining Corporation (âCPRKâ) is a publicly held Utah Corporation that merged with Western Utah Copper Company in 2007. The company engages in mining activities that include exploration, development, extraction and processing of mineral reserves in and around the Milford Mineral Belt, Beaver County, Utah. WUCC owns or controls approximately 100,000 acres of real estate and/or mineral rights throughout the Milford region.
Currently, Copper King Mining Corporation is developing the Milford Mineral Belt which is made up of approximately 59,000 acres of mining claims which are proven, highly probable, probable, or likely.
Its holdings include a vast number of mining claims, land leases and mining rights described as the Millford Mineral Belt. It is 18 miles long and 8 miles wide. The principal metals include Copper, Silver, Gold, Tungsten and Molybdenum. Among its assets are also buildings and mining equipment.
Contact Information:
For more information regarding Copper King, please contact:
Gavin Wenzel
Public & Investor Relations
801-333-8686 gavin@copperkingmining.com
Corporate Offices
1208 South 200 West
Milford, UT 84751
Transfer Agent:
Standard Registrar and Transfer Co. Inc.
12528 South 1840 East
Draper, UT 84020
(801) 571-8844
#2
http://www.youtube.com/watch?v=b0R8FIXBC8k
http://www.youtube.com/watch?v=SMNO4RluBq0
http://www.youtube.com/watch?v=SoX_Skz4SZg
http://www.youtube.com/watch?v=3Wd1hlGTPF4
#3
(March 25, 2009 - 1:36 PM EDT)
Raser Technologies and Copper King Mining Sign Geothermal Lease Agreement for up to 75,000 Acres
Raser Technologies, Inc. (NYSE: RZ) and Copper King Mining Corporation (Pink Sheets: CPRK) announced today that they have entered into a geothermal lease agreement covering interests in certain private, state and federal lands in southwestern Utah. The terms of the lease agreement were not specified.
The lease covers properties in Copper King’s mining holdings, totaling approximately 75,000 acres in various locations throughout Utah. The bulk of the properties are located in Beaver County, Utah, approximately 20 miles north of Raser’s Thermo No. 1 geothermal project, and west of the long-running Blundell geothermal power plant near Milford, Utah. The Copper King properties demonstrate many of the key factors considered by Raser in preliminary evaluation of geothermal resources.
“With this lease, Raser continues to expand its holdings in this geothermally active part of the State,” stated Richard Clayton, Raser’s Executive Vice President. “We are pleased to be working with Copper King, and obtaining access to their extensive land portfolio and geological data on their large land holdings. We look forward to working closely with Copper King to develop the full geothermal potential of their land holdings.”
Copper King CEO Mark Dotson commented: “Since Copper King is a mining and mineral exploration company, we felt it was wise to let Raser explore our lands for the geothermal resources that we believe may be present. Copper King believes that Raser is a cutting-edge company, and we are excited to work with them.”
About Raser Technologies
Raser (NYSE: RZ) is an environmental Energy Technology company focused on geothermal power development and technology licensing. Raser’s Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Raser’s Symetron™ technology developed internally by its Transportation and Industrial segment. Raser’s Transportation & Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications. Further information on Raser may be found at: www.rasertech.com.
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(February 24, 2009 - 9:04 AM EST)
Copper King Mining Corporation Announces Corrected Information for Grand Opening Event and Announces That Its Flotation Mill’s Power Line Has Been Energized
Copper King Mining Corporation (Pink Sheets: CPRK) announced today that it will hold an invitation-only grand opening event in connection with the opening of its flotation mill located in Milford, Utah. A date for the grand opening has not yet been set, but management anticipates that it may be early March or soon thereafter; weather will play a key role. Management hopes that the cold weather will moderate some to further enhance the visit. The grand opening will include tours of the mill, along with food and refreshments. Individuals interested in attending the grand opening must pre-register with the company no later than February 28, 2009 by sending their names, addresses and telephone numbers to the company at: Copper King Mining Corporation, P.O. Box 492, Milford, Utah 84751, or by e-mail at wucc@scinternet.net. Invitations will be sent only to those individuals who pre-register.
Rocky Mountain power has energized the company-owned 7 mile power line to its flotation mill. However, Rocky Mountain continues to have some issues with “Harmonics” and until resolved will maintain locks on the Copper King side of the substation. Rocky Mountain has recommended that the line “Cook in” for at least two weeks prior to use. It is anticipated that the “Harmonics” issues will be resolved and the locks removed soon.
The company also announced that it in the final stages of updating its Web site, which management hopes to have operational this week.
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(February 9, 2009 - 9:04 AM EST)
Copper King Mining Corporation Announces Grand Opening Event and Announces That It Has No Affiliation with Tina Marie
Copper King Mining Corporation (Pink Sheets: CPRK) announced today that it will hold an invitation-only grand opening event in connection with the opening of its flotation mill located in Milford, Utah. A date for the grand opening has not yet been set, but management anticipates that it will be later in February, or possibly early March. Management hopes to let the cold weather moderate some to further enhance the visit. The grand opening will include tours of the mill, along with food and refreshments. Individuals interested in attending the grand opening must pre-register with the company no later than February 18, 2009 by sending their name, address and telephone number to the company at Copper King Mining Corporation, P.O. Box 492, Milford, Utah 84751, or by e-mail at wucc@scienternet.net. Invitations will be sent only to those individuals who pre-register.
The company also announced today that to the best of its knowledge it has no relationship or affiliation with an individual named Tina Marie, despite rumors to the contrary. The company’s management believes that an individual by the name of Tina Marie may be a stock promoter, and management believes that an individual by that name, purporting to be an employee or affiliate of the company, has been disseminating false information about the company. The company does not now, nor has it ever, employed any person by the name Tina Marie, either as an employee, independent contractor, or consultant.
The company also announced that it is working on a new Web site, which management hopes to have up and running soon.
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(January 14, 2009 - 7:03 AM EST)
Copper King Signs Agreement to Finance Geothermal Projects
Copper King Mining Corporation (Pink Sheets:CPRK), an ore mining, processing, and exploration company located in Southern Utah, today announced that it has entered into an agreement with Fellows Energy Ltd (Fellows) to finance the Valle del Cura and Tuzgle-Tocomar advanced geothermal projects in the Andes Region of Argentina, recently acquired from Geothermia Andina, SA, a private Argentine entity.
The agreement also calls for the financing of two additional projects now being negotiated by Fellows in connection with its acquisition of Grupo Minero Aconcagua SA (GMA), a private Argentine company in advanced stages of negotiation to acquire rights to geothermal and wind energy projects in central and southern Argentina.
The agreement provides for the Copper King’s acquisition from Fellows of a 50% interest in the projects by providing or arranging for financing for the first three years of feasibility and development expenditures and payments on the projects. Copper King plans to provide or arrange the funding through a combination of third party investors and from the cash flow expected to be generated from its copper-gold-silver-magnetite mill operations, now in the final stages of construction and start-up near Milford, Utah.
The Valle Del Cura and the Tuzgle-Tocomar projects are each entering the pre-feasibility stage and host an estimated combined 300 MW of electric power generating potential. Fellows has targeted a third project in Argentina, which has been the subject of a feasibility study, covering the first 30 MW of an estimated 100 MW of generating potential. The three projects combined would host an estimated 400 MW of potential. The company is also working toward the completion of its acquisition of GMA, which will bring additional geothermal and wind energy projects to the company.
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(January 12, 2009 - 11:35 AM EST)
Copper King Mining Corporation Offers Construction Updates
Copper King Mining Corporation (Pink Sheets:CPRK), an ore mining, processing, and exploration company located in southern Utah, today provided updates concerning mill construction.
Unusual brutal winter weather with frigid southern Utah temperatures has caused delays in the company’s mill completion construction schedule. Other unusual weather-related problems that were unexpected included the fact that the weather too cold to fuse weld HDPE water pipe, or receive high-pressure water to the well pumps in a timely manner. The company also received discharge ball mill trammels, metering valves, reagent metering pumps and tanks, certain bearings, pulleys and drive belts that, when delivered, were found to be incorrectly built and oversized. Recent warmer weather has greatly improved construction conditions.
Outside substation wiring has also been delayed because of harsh weather. The Toshiba computer control program and associated equipment are delivered and crews are working feverishly to install. The company believes that initial testing of the mill can begin by the end of January 2009, with most of the above-referenced problems corrected.
The company’s crushing contractor, Quality Crushing, will begin crushing Hidden Treasure ore for mill feed on site at the mill on approximately January 25, 2009. Hidden Treasure ore crushing tests are under way at this time by Quality Crushing.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
#4
#5
#6
#7
#8
#9
Copper King Share Structure Date O/S A/S Float
3/31/09 2,795,302,880 3,000,000.000 841,254,406
3/9/09 2,649,278,014 3,000,000,000 712,254,406
2/12/09 2,499,257,810 2,500,000,000 612,228,672
1/6/09 2,495,257,810 2,500,000,000 489,395,338
12/23/08 2,495,257,810 2,500,000,000 436,062,005
12/17/08 2,495,257,810 2,500,000,000 373,562,005
11/20/08 2,495,432,793 2,500,000,000 333,228,672
10/28/08 2,229,139,560* 2,500,000,000 300,228,672
10/17/08 2,223,458,791 2,500,000,000 300,228,672
8/11/08 2,095.524,582 2,500,000,000 145,215,407
4/17/08 1,844,632,006 2,500,000,000
4/08/08 1,844,632,006 2,500,000,000
3/24/08 327,632,006 500,000,000
3/20/08 322,632,006 500,000,000
2/29/08 308,100,005 500,000,000
2/19/08 306,100,005 500,000,000
2/08/08 306,100,005 500,000,000
2/05/08 306,001,005 500,000,000
1/31/08 306,001,005 500,000,000
1/25/08 306,001,005 500,000,000
dann sollte es upppp gehen!!
#10
bin gespannt was sich hier so tut!

Gruß
frenchi
#11
wen ndie produzieren dann knallt die hoch damals
is die bis auf 40 cent hoch wegen merger ...
#12
#13
#14
Wenn alles Funktioniert dann wollen sie die Produktion auf 3000 Tonnen pro Tag hoch fahren und ne PR dazu raus geben .
Hier nochmal die Antwort von Charles A. Moskowitz auf meine Anfrage .
Thank you for your questions. The actual startup of the Mill is "rolling" effort. This means that we will start it with very small amounts of the ore we have stockpiled and move it through the system. We ill monitor it at every stage and make whatever adjustments are needed to get any and all kinks out of it. We will continue to add volume to it until we are at a run-rate that we can sustain and then start to increase it again.
This process will probably take a couple of weeks, and we will continue until we achieve a run-rate of aprox. 3000 tons per day. At that point, we will be producing a meaningful "cash-flow" from the operations.
Once this is really "up and running" we will have less of a need for dilution, since we will have less need for new money.
Thank you for your interest in and your support of CPRK.
Respectfully,
Charles A. Moskowitz
#15
#16
Fri. April 03, 2009; Posted: 06:18 AM
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MILFORD, Apr 03, 2009 (The Salt Lake Tribune - McClatchy-Tribune Information Services via COMTEX) -- CPRK | Quote | Chart | News | PowerRating -- When Mark Dotson talks about his days as a prospector in the 1980s, he recounts the years spent roaming central Utah searching for mineral deposits that could be turned into a profitable mining operation.
By his own admission, Dotson spent a lot more money exploring and prospecting than he ever found in mineral wealth.
Yet in 1989 he had an epiphany of sorts, one that twenty years later resulted in the development of a $60 million copper mill just outside of Milford in Beaver County. The mill now employs about 150 Utahns.
"It occurred to me one day that rather than trying to discover (mineral) deposits it would be a lot easier, and possibly more profitable, putting together existing mining properties for development," Dotson said, who now serves as chief executive of Copper King Mining.
For the next 15 years Dotson busied himself consolidating the ownership of approximately 125 square miles of mining claims held by as many 27 owners on land just west of Milford. And some of those claims, property that includes the open pit Hidden Treasure Mine, within weeks will begin feeding copper ore to the nearby mill.
The mill essentially takes copper ore and grinds it down into a fine powder. The ore, which is reduced to a talcum powder like consistency, then is put into a flotation tanks that separates out the copper into a concentrate.
Initially, the mill is expected to produce
about 80,000 pounds of copper concentrate per day. Each pound of concentrate contains approximately 30 percent copper plus traces of other metals such as gold, silver and molybdenum, an industrial metal often used in the production of high-strength steel alloys.
"We're sitting on an ocean of copper out here," Dotson said, indicating the property now held by Copper King Mining and its subsidiary Western Utah Copper Co. contains at least a dozen deposits.
Mill manager Dave Jensen said the mill is expected to begin operations within the next two to four weeks processing approximately 2,500 tons of ore a day, with each ton of rock containing approximately 36 pounds of copper.
Copper King's mill may be nearing production but there are still plenty of challenges ahead for the company, whose stock trades over-the-counter for about 2 cents per share.
The mill has yet to secure a buyer for its concentrate, said George Young, Copper King's general counsel. "We talking with concentrate brokers and are considering approaching Kennecott to see if they would be interested."
Also, the mill was built using interim financing. And that means Copper King still must arrange a long-term loan. "We're in negotiations for permanent financing, but we haven't closed yet," Young said.
Beaver County Commissioner Chad Johnson said Copper King has approached the county about securing industrial bonds for future financing.
"It is a great project," Johnson said. "We always knew there were a lot of minerals in western Beaver County and fortunately Mark Dotson was pretty persistent in his efforts to put everything together."
He noted projects that include the Raser Technology geothermal plant, a wind turbine farm and the Copper King mill have helped strengthen the employment picture in Beaver County, where the unemployment rate now stands at 5.1 percent.
"Given the economy we're pretty happy with the way things are looking, at least in Beaver County," he said.
To see more of The Salt Lake Tribune, or to subscribe to the newspaper, go to
http://www.sltrib.com. Copyright (c) 2009, The Salt Lake Tribune Distributed by
McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.
For full details for CPRK click here.
Click Here
#17
#18
03.30.2009 Copper King Mining ( CPRK) chance --> 3 - 5 bagger
http://www.wallstreet-lottery.com/
#19
Hatte erst auch net geglaubt das die zwei Aktien so hoch gehen , so wie jetzt einige bestimmt das COPPER KING MINING net zu trauen .
#20
Werde die nächsten Tage noch ein wenig einsammeln , so lange der Kurs sich noch so hält .
#21
auf meine Fragen ob die website online get über fianzierung +
production cam das zurück
Von: Charles Moskowitz <charles.moskowitz@gmail.com> ins Adressbuch
| zum MultiMessenger
An: xxx...invest@web.de
Datum: 05.04.09 18:04:09 Uhr
Thank you for your interest. I will get you the answers to all of your questions but I think putting anything out is a week or 2 premature. I will discuss it at length with you early this week.
#22
IMHO
#23
#24
#25
#26
#27
Nur meine Kenntnisse bzgl. Minenwerte sind sehr dürftig, deshalb hab ich an die Experten einige Fragen, die hoffentlich jemand beantwortn kann.
Die Mine geht offenbar bald in Produktion- wie ist eigentlich das geschätzte Vorkommen an Kupfer ?
Liegen auch brauchbare Goldkonzentrationen vor?
"Assay Results"-wo sind die nachzulesen?
Unter der Annahme, daß nicht nur Chinesen sondern auch die Amerikaner selbst wieder mehr Kupfer benötigen werden-
was schätzt ihr, wie sich der Kurs entwickeln könnte?
Eine Abzocke dürfte hier ja wohl nicht vorliegen, bei steigendem Kupferpreis nehme ich einmal an, wird es trotzdem lange dauern, bis entsprechende Earnings gemeldet werden können.
Wieviele Aktien sind tatsächlich noch ausstehend?
Oder muß dilutiert werden, um die Kosten für den Abbau im ersten Jahr decken zu können?
Für eine kurze Einschätzung wäre ich sehr dankbar, es würde mir
leichter fallen 100K am Montag zu kaufen, wenn ich adäquate Informationen hätte.
Mfg Vent
#28
#29
Read this ich hoffe du kannst englisch:
Just out in the Salt Lake Tribune
Copper King Mining opens mill in Beaver County
Mining » Company still faces challenges with financing, sale of its concentrate.
By Steven Oberbeck
The Salt Lake Tribune
Updated: 04/02/2009 06:40:49 PM MDT
Click photo to enlarge
Western Utah Copper's Scott Trujillo assembles a... (Steven Oberbeck / The Salt Lake Tribune )
Milford » When Mark Dotson talks about his days as a prospector in the 1980s, he recounts the years spent roaming central Utah searching for mineral deposits that could be turned into a profitable mining operation.
By his own admission, Dotson spent a lot more money exploring and prospecting than he ever found in mineral wealth.
Yet in 1989 he had an epiphany of sorts, one that twenty years later resulted in the development of a $60 million copper mill just outside of Milford in Beaver County. The mill now employs about 150 Utahns.
"It occurred to me one day that rather than trying to discover (mineral) deposits it would be a lot easier, and possibly more profitable, putting together existing mining properties for development," Dotson said, who now serves as chief executive of Copper King Mining.
For the next 15 years Dotson busied himself consolidating the ownership of approximately 125 square miles of mining claims held by as many 27 owners on land just west of Milford. And some of those claims, property that includes the open pit Hidden Treasure Mine, within weeks will begin feeding copper ore to the nearby mill.
The mill essentially takes copper ore and grinds it down into a fine powder. The ore, which is reduced to a talcum powder like consistency, then is put into a flotation tanks that separates out the copper into a concentrate.
Initially, the mill is expected to produce
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about 80,000 pounds of copper concentrate per day. Each pound of concentrate contains approximately 30 percent copper plus traces of other metals such as gold, silver and molybdenum, an industrial metal often used in the production of high-strength steel alloys.
"We're sitting on an ocean of copper out here," Dotson said, indicating the property now held by Copper King Mining and its subsidiary Western Utah Copper Co. contains at least a dozen deposits.
Mill manager Dave Jensen said the mill is expected to begin operations within the next two to four weeks processing approximately 2,500 tons of ore a day, with each ton of rock containing approximately 36 pounds of copper.
Copper King's mill may be nearing production but there are still plenty of challenges ahead for the company, whose stock trades over-the-counter for about 2 cents per share.
The mill has yet to secure a buyer for its concentrate, said George Young, Copper King's general counsel. "We talking with concentrate brokers and are considering approaching Kennecott to see if they would be interested."
Also, the mill was built using interim financing. And that means Copper King still must arrange a long-term loan. "We're in negotiations for permanent financing, but we haven't closed yet," Young said.
Beaver County Commissioner Chad Johnson said Copper King has approached the county about securing industrial bonds for future financing.
"It is a great project," Johnson said. "We always knew there were a lot of minerals in western Beaver County and fortunately Mark Dotson was pretty persistent in his efforts to put everything together."
He noted projects that include the Raser Technology geothermal plant, a wind turbine farm and the Copper King mill have helped strengthen the employment picture in Beaver County, where the unemployment rate now stands at 5.1 percent.
"Given the economy we're pretty happy with the way things are looking, at least in Beaver County," he said.
#30
Die Mühle läuft schon in der Vorproduktin um sie einzustellen!
dann brauchen Sie noch kein Käufer der gewonnenen Matrialien das wären dann die nächsten 2 news die kommen müssten danach dürft es keine Dillutions mehr geben..
Copper King Share StructureAS:
Date O/S A/S Float
4/8/09 2,834,519,178 3,000,000,000 1,019,519,178
3/31/09 2,795,302,880 3,000,000.000 841,254,406
3/9/09 2,649,278,014 3,000,000,000 712,254,406
2/12/09 2,499,257,810 2,500,000,000 612,228,672
1/6/09 2,495,257,810 2,500,000,000 489,395,338
12/23/08 2,495,257,810 2,500,000,000 436,062,005
12/17/08 2,495,257,810 2,500,000,000 373,562,005
11/20/08 2,495,432,793 2,500,000,000 333,228,672
10/28/08 2,229,139,560* 2,500,000,000 300,228,672
10/17/08 2,223,458,791 2,500,000,000 300,228,672
8/11/08 2,095.524,582 2,500,000,000 145,215,407
Aktuell fehlen nur noch 166000000 Aktien zum rausgeben...
vom 9.3. bis 31.3. sind ungefährt die obrige zahl ausgegenben worden wie oben. Danach wäre due Ausgabe voll und sie müsstne wieder erhöhen.. Was bei begin nder production nicht mehr nötig wäre.
Des weiter werden die Herausgegebenen Aktien von eibnem Investor aufgekauft weil sonst der Aktienpreis wo anders stehen würde wenn
die Aktien alle auf dem Markt wären...
Meine Meinung:
hier hat man sehr gute chancen auf eien verdraifacher bis zu einem verfünffacher allerdisngsm uss man immer dran denken es ist ein piki.. also nicht verlieben...
ich hoffe ide infos reiche erstmals
#31
The SLC Tribune should publish a correction (for whatever good that would do). Their number of 80,000 pounds of concentrate is way low.
#32
Karl:
Thank you for your questions. The actual startup of the Mill is "rolling" effort. This means that we will start it with very small amounts of the ore we have stockpiled and move it through the system. We ill monitor it at every stage and make whatever adjustments are needed to get any and all kinks out of it. We will continue to add volume to it until we are at a run-rate that we can sustain and then start to increase it again.
This process will probably take a couple of weeks, and we will continue until we achieve a run-rate of aprox. 3000 tons per day. At that point, we will be producing a meaningful "cash-flow" from the operations.
Once this is really "up and running" we will have less of a need for dilution, since we will have less need for new money.
Thank you for your interest in and your support of CPRK.
Respectfully,
Charles A. Moskowitz
On Fri, Apr 3, 2009 at 9:26 AM, wrote:
#33
http://www.tradingmarkets.com/.site/news/Stock%20News/225616…
Copper King Mining opens mill in Beaver County: Mining ? Company still faces challenges with financing, sale of its concentrate.
Fri. April 03, 2009; Posted: 06:18 AM
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MILFORD, Apr 03, 2009 (The Salt Lake Tribune - McClatchy-Tribune Information Services via COMTEX) -- CPRK | Quote | Chart | News | PowerRating -- When Mark Dotson talks about his days as a prospector in the 1980s, he recounts the years spent roaming central Utah searching for mineral deposits that could be turned into a profitable mining operation.
By his own admission, Dotson spent a lot more money exploring and prospecting than he ever found in mineral wealth.
Yet in 1989 he had an epiphany of sorts, one that twenty years later resulted in the development of a $60 million copper mill just outside of Milford in Beaver County. The mill now employs about 150 Utahns.
"It occurred to me one day that rather than trying to discover (mineral) deposits it would be a lot easier, and possibly more profitable, putting together existing mining properties for development," Dotson said, who now serves as chief executive of Copper King Mining.
For the next 15 years Dotson busied himself consolidating the ownership of approximately 125 square miles of mining claims held by as many 27 owners on land just west of Milford. And some of those claims, property that includes the open pit Hidden Treasure Mine, within weeks will begin feeding copper ore to the nearby mill.
The mill essentially takes copper ore and grinds it down into a fine powder. The ore, which is reduced to a talcum powder like consistency, then is put into a flotation tanks that separates out the copper into a concentrate.
Initially, the mill is expected to produce
about 80,000 pounds of copper concentrate per day. Each pound of concentrate contains approximately 30 percent copper plus traces of other metals such as gold, silver and molybdenum, an industrial metal often used in the production of high-strength steel alloys.
"We're sitting on an ocean of copper out here," Dotson said, indicating the property now held by Copper King Mining and its subsidiary Western Utah Copper Co. contains at least a dozen deposits.
Mill manager Dave Jensen said the mill is expected to begin operations within the next two to four weeks processing approximately 2,500 tons of ore a day, with each ton of rock containing approximately 36 pounds of copper.
Copper King's mill may be nearing production but there are still plenty of challenges ahead for the company, whose stock trades over-the-counter for about 2 cents per share.
The mill has yet to secure a buyer for its concentrate, said George Young, Copper King's general counsel. "We talking with concentrate brokers and are considering approaching Kennecott to see if they would be interested."
Also, the mill was built using interim financing. And that means Copper King still must arrange a long-term loan. "We're in negotiations for permanent financing, but we haven't closed yet," Young said.
Beaver County Commissioner Chad Johnson said Copper King has approached the county about securing industrial bonds for future financing.
"It is a great project," Johnson said. "We always knew there were a lot of minerals in western Beaver County and fortunately Mark Dotson was pretty persistent in his efforts to put everything together."
He noted projects that include the Raser Technology geothermal plant, a wind turbine farm and the Copper King mill have helped strengthen the employment picture in Beaver County, where the unemployment rate now stands at 5.1 percent.
"Given the economy we're pretty happy with the way things are looking, at least in Beaver County," he said.
To see more of The Salt Lake Tribune, or to subscribe to the newspaper, go to
http://www.sltrib.com. Copyright (c) 2009, The Salt Lake Tribune Distributed by
McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.
For full details for CPRK click here.
#34
#35
#36
#37
"Watch us grow," said Jensen, the mill's manager.
The 24-square mile mining area and mill culminates the historic mining heritage of Milford, which dates back to the 1880s. Today, the Copper King Mining Corp, parent company of WUCC, is the only 100 percent American-owned mining and mill company in the world. Two decades of consolidation of copper mining districts in Beaver County by Mark Dotson, chief executive officer and president of Copper King, made it possible.
"This is a tremendous undertaking," said Sen. Dennis Stowell, R-Dist. 28. "The education advocates want desperately to find funding and this copper company is abundant with future wealth that not only will develop the natural resources in Beaver County, but be a contributor to the entire state and perhaps, public education, that will be much better off now that Western Utah Copper is open for business."
A ribbon cutting ceremony at the 50,000-square-foot mill located 30 miles west of Beaver took place March 27. The event drew a crowd of more than 1,200 people, including Stowell, Rep. Mike Noel, R-Dist. 73, Beaver County Commissions and other dignitaries. Thursday the mill was running tests of the froth flotation process that selectively separates hydrophobic materials from hydrophilic - meaning that valuable ore minerals are crushed and screened, with the fine sulfide ore going to froth flotation cells for recovery of copper with the waste rock and tailings removed for disposal. Water used is reclaimed in the process and there is little to no environmental impact, Dotson said
The copper concentrate will be sent to refineries once a month for production of piping, wiring and other commercial uses, said Dotson. Full production is anticipated to begin in as soon as three weeks, he said. Six interested buyers with offers for WUCC's copper concentrate have come from inside and outside of the country. Dotson said a decision has not been reached as to which buyer will contract with WUCC, but there is a good chance the copper concentrate will wind up in Arizona.
WUCC employs an estimated 100 employees, in addition to contractors working in various capacities on the site, payroll totals nearly 150 workers, Dotson said. Hiring is still ongoing and anticipated to reach 200 employees by the second year the company is fully operational. Wages average $25 per hour, plus benefits, with management positions ranging from $90,000 to $180,000 annually, Dotson said.
Currently, 80 percent of WUCC's workforce is from Milford and there are nearly as many women working for the company as men. Wendy Hussey is one of three women who drive 300 ton haul trucks with loads of rock from the 30-acre Hidden Treasure mine pit that is expected to feed the mill for one year.
"It's pretty exciting to be working here," Hussey said. "This is fun for me."
Hidden Treasure is 195-feet deep, but will be 320-feet deep by the time it is tapped out, said Cody Dotson, pit manager and Mark's son. He estimated there was $6.166 million in the ground with 3 million tons of ore and waste rock - also called overburden - in the Hidden Treasure site.
The mining and drilling crews will then move to the Copper Ranch site. Other sites include Candy B, Sunrise and Maria open pits. In all - about 12 sites - it is estimated within 10 years, WUCC will be similar in size to Kennecott's Bingham Canyon site - the largest copper mine in the world. It has been operating for more than 90 years and produced more than 14.5 million tons of copper.
The assessed value of Beaver County is $596 million. The opening of WUCC and its production of 80,000 pounds of copper per day, with the potential of reaching 150,000 pounds per day in five years, is sure to double Beaver County's tax base, said Dotson
"We will contribute at least 50 percent in all the taxes they take in now, and maybe more, so it should be a huge boost that way," he said.
WUCC is just the start of what is to come. Dotson said access to the WUCC mill will probably cause smaller mines to reopen and go back into production because they have somewhere local to take their ore. Since Kennecott's operation financed nearly the entire state in tax revenue for many years, WUCC is optimistic it may do the same in about a decade's time because of its profitability from its rich copper ore.
(3 of 3)
Dotson explained that while mines around the world are mining copper that is 0.50 percent of copper per ton of ore, WUCC exceeds that significantly.
"One percent of 2,000 pounds - or a ton - is basically 20 pounds of copper per ton of ore, so half a percent is 10 pounds of copper per ton of ore," Dotson said. "Our ore on average is three times or four times, and in some places 10 or 20 times, richer than that. So the ore that we are mining currently averages between 30 and 36 pounds of copper per ton of ore."
Add to that WUCC's plans to extract gold, silver and other minerals, and the projected economic benefits - besides the obvious higher paying jobs, smaller mines reopening and profitability of the copper - is difficult to innumerate.
"Our economics are substantially better than most. It is going to positively impact the landscape of Beaver County and eventually Southern Utah," Dotson said. "We are going to accept custom ore and mill it ... It's likely to have quite a windfall effect on the economy in a very positive way.
It will also reward the shareholders who believed in WUCC.
"We have been very shrewd with our shareholders money and we fully intend that they will get a big reward," said Dotson. "That's our intent."
A FAMILY AFFAIR
Loyalty to shareholders, employees and the community of Beaver County derived from Dotson's desire to see the area thrive, long after he is dead and gone. The 51-year-old does not intend to see that happen any time soon, but is sure that he will live to witness his grandchildren grow up into adulthood with more opportunities in their hometown than he had when he was a child.
"I can't believe for a minute this project came about because of me," Dotson said. "I have two very good partners, Eric Barlow and Marcus Southworth, and have been given the chance to accomplish this venture with the Lord's help."
Assistance and support from Dotson's family is also what he credits for the success of the project opening and its potential for future growth. His wife, Cathy, sons, Cody and Daniel, daughter, Katie Wright, brother, John Dotson and sister-in-law, Patti Dotson, all work at WUCC. Everyone pulls their weight to get the job done with a drive that has never been about money, but about generosity to others and security to posterity, Dotson said.
"I could've sold the project many times, and there were hardships that you can't imagine to get to this point, but it's never been for sale and it never will be," Dotson said. "What I've done, I've done for my kids, my grandkids and the community to have good employment for years to come.
"There's no time limit on this project because there is a lot of ore out there and as long as we don't exhaust too quickly, the reserves we have are endless," he added.
As Jensen lifted his head to take another glance at the mill he is managing, he couldn't help but concur with his boss.
"I think this is an awesome thing for the growth of the community," Jensen said. "There is lots of potential to open a larger operation for us and provide good jobs for everyone."
Dotson explained that while mines around the world are mining copper that is 0.50 percent of copper per ton of ore, WUCC exceeds that significantly.
"One percent of 2,000 pounds - or a ton - is basically 20 pounds of copper per ton of ore, so half a percent is 10 pounds of copper per ton of ore," Dotson said. "Our ore on average is three times or four times, and in some places 10 or 20 times, richer than that. So the ore that we are mining currently averages between 30 and 36 pounds of copper per ton of ore."
Add to that WUCC's plans to extract gold, silver and other minerals, and the projected economic benefits - besides the obvious higher paying jobs, smaller mines reopening and profitability of the copper - is difficult to innumerate.
"Our economics are substantially better than most. It is going to positively impact the landscape of Beaver County and eventually Southern Utah," Dotson said. "We are going to accept custom ore and mill it ... It's likely to have quite a windfall effect on the economy in a very positive way.
It will also reward the shareholders who believed in WUCC.
"We have been very shrewd with our shareholders money and we fully intend that they will get a big reward," said Dotson. "That's our intent."
A FAMILY AFFAIR
Loyalty to shareholders, employees and the community of Beaver County derived from Dotson's desire to see the area thrive, long after he is dead and gone. The 51-year-old does not intend to see that happen any time soon, but is sure that he will live to witness his grandchildren grow up into adulthood with more opportunities in their hometown than he had when he was a child.
"I can't believe for a minute this project came about because of me," Dotson said. "I have two very good partners, Eric Barlow and Marcus Southworth, and have been given the chance to accomplish this venture with the Lord's help."
Assistance and support from Dotson's family is also what he credits for the success of the project opening and its potential for future growth. His wife, Cathy, sons, Cody and Daniel, daughter, Katie Wright, brother, John Dotson and sister-in-law, Patti Dotson, all work at WUCC. Everyone pulls their weight to get the job done with a drive that has never been about money, but about generosity to others and security to posterity, Dotson said.
"I could've sold the project many times, and there were hardships that you can't imagine to get to this point, but it's never been for sale and it never will be," Dotson said. "What I've done, I've done for my kids, my grandkids and the community to have good employment for years to come.
"There's no time limit on this project because there is a lot of ore out there and as long as we don't exhaust too quickly, the reserves we have are endless," he added.
As Jensen lifted his head to take another glance at the mill he is managing, he couldn't help but concur with his boss.
"I think this is an awesome thing for the growth of the community," Jensen said. "There is lots of potential to open a larger operation for us and provide good jobs for everyone."
http://www.thespectrum.com/article/20090413/NEWS01/904130321…
#38
#39
Concentrate and copper marketing
Copper concentrates produced by mines are sold to smelters and refiners who treat the ore and refine the copper and charge for this service via treatment charges (TC's) and refining charges (RC's). The TC's are charged in US$ per tonne of concentrate treated and RC's are charged in cents per pound treated, denominated in US dollars, with benchmark prices set annually by major Japanese smelters. The customer in this case can be a smelter, who on-sells blister copper ingots to a refiner, or a smelter-refiner which is vertically integrated.
The typical contract for a miner is denominated against the London Metal Exchange price, minus the TC-RCs and any applicable penalties or credits. Penalties may be assessed against copper concentrates according to the level of deleterious elements such as arsenic, bismuth, lead or tungsten. Because a large portion of copper sulfide ore bodies contain silver or gold in appreciable amounts, a credit can be paid to the miner for these metals if their concentration within the concentrate is above a certain amount. Usually the refiner or smelter charges the miner a fee based on the concentration; a typical contract will say a credit is due for every ounce of the metal in concentrate above a certain concentration; below that if it is recovered the smelter will keep the metal and sell it to defray costs.
Copper concentrate is traded either via spot contracts or under long term contracts as an intermediate product in its own right. Often the smelter sells the copper metal itself on behalf of the miner. The miner is paid the price at the time that the smelter-refiner makes the sale, not at the price on the date of delivery of the concentrate. Under a Quotational Pricing system, the price is agreed to be at a fixed date in the future, typically 90 days from time of delivery to the smelter.
A-grade copper cathode is of 99.999% copper in sheets that are 1 cm thick, and approximately 1 meter square weighing approximately 200 pounds. It is a true commodity, deliverable to and tradeable upon the metal exchanges in New York (COMEX), London (London Metals Exchange) and Shanghai (Shanghai Futures Exchange). Often copper cathode is traded upon the exchanges indirectly via warrants, options, or swap contracts such that the majority of copper is traded upon the LME/COMEX/SFE but delivery is achieved indirectly and at remove from the physical warehouses themselves.
The chemical specification for electrolytic grade copper is ASTM B 115-00 (a standard that specifies the purity and maximum electrical resistivity of the product).
#40
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#45
Die news oben gefallen mir ja sehr gut volle Produktion in 3 wochen + 6 interessenten für das Glodkonsentrat und wenn es der in Arizona werden solte wäre das der hammer d.h. man muss nicht weit fahren um das Gold loszuwrden .. weniger Transport = höherer Gewinn!
#46
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#53
Volume 5,715,130
die 0.018 dürften bald brechen und die marketmaker weren nach oben setzen diese woche locker über 2 cent
#54
0.0185 schluss 0.02 wäre nett
#55
#56
#57
#58
#59
#60
deshalb bin ich auch nach gapschluss nochmals
rein!!und der Artikel von heute liest sich echt super!! danke fürs reinstellen!
#61
Wenn super News raus kommen sollten dann könnte es sogar noch mehr werden wie ne ver5fachung .
#62
#63
#64
#65
#66
und da gabs damals noch keine pre Production!!!
nach dem merger sind die sogar von 4 cent auf 40 cent!!
#67
kann man sehen wieviel gekauft wurden bzw. verkauft
http://ih.advfn.com/p.php?pid=trades&cb=1239645772&symbol=NO…
man muss eingeloggt sein...
aktuell
3 600 000 kauf
2 600 000 verkauft
#68
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3 700 000 verkäufe
#72
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#75
MACD linie bounce nach oben bullish
Stochastic hat getriggerd Bullish
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#78
ich bin hier schon seit 2 Wochen dabei, zu 21 rein. Ich denke CPRK ist eine der wenigen pinksheets die substantiell etwas zu bieten haben. Die Firma steht an der Schwelle zum Produzenten, was auch nicht gerade viele explorer der letzten Zeit geleistet haben. Das Potential ist hier glaube ich nachhaltig nur noch nach oben gegeben.
Ich wünsche allen Investierten viel Erfolg.
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ich hoffe das war heute der startschuss auch für die amis
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#85
vielleicht erreichen wir ja schneller Wax sein erstes Kursziel , als er es gedacht hat.
#86
Why global copper price is on roll?
2009-04-13 12:35:00
The copper price is on a roll having risen roughly 50% over the past three months to $1.95 lb (Fig.1 below). Unfortunately for analysts and specialists, the fundamentals driving copper pricing are opaque at best and therefore subject to a variety of interpretations and predictions. Here’s my take.
A number of factors are responsible for the $4.00/lb copper price of last year with true consumption increases being only one of many causes. It is now clear that in 2007 and into 2008 10’s of billions of dollars managed by index and hedge funds left the stagnant bond and stock market chasing higher returns in commodities-- copper being one. This partly explains the apparent disconnect between the copper surpluses in 2007 and 2008 as calculated by the International Copper Study Group (ICSG) and rising copper prices. This fast money, as well as plenty of mine, all went away beginning mid last year (refer once more to Fig. 1).
Adding to the investment demand was a number of more tangible one-off production problems around the globe. These included power shortages, inclement weather, labor strikes, lower mined grades and mine productions delays. This year the credit crisis and low copper prices will put downward pressure on copper production.
Global copper consumption rose 4% in 2007—boom times as you may recall—and although China’s copper consumption was up 25%, the US was off 20%: there would appear to be a trade off there. The ICSG notes that apparent (no one knows for sure) refined copper usage in China is significantly lower in 2008. Globally, major copper producers are estimating that demand will be down between 4% and 25% in 2009.
What’s behind the current price increase?
Both China and South Korea have been adding to strategic reserves and restocking at what they consider to be much better prices.
Copper producers and marketers all down the supply chain are keeping some supply out of the market due to low prices or a complete lack of buyers.
The desire by Asian buyers to turn US dollars into hard assets—a phenomenon we are seeing across the entire hard asset class.
Short covering as the copper price stabilized.
A favorable arbitrage between the London Metal Exchange (LME) and Shanghai Exchange that made it cheaper to import copper cathode into China.
Scrap supplies having dwindled due to the lack of credit, low prices and slowing manufacturing activity.
With the exception of Asia’s desire to convert their substantial holdings of US dollars into something of value, I believe all the factors listed above are temporary. Going forward inflation may also play a role.
To come to some sort of understanding of underlying fundamentals of the copper market we need to look at where copper actually goes. The retail and commercial construction markets use about 46% of all copper. Another 12% goes into vehicles. These two industries were trashed, to say the least, in 2008; they are not likely to do too well this year either. Without a global recovery in both industries to past levels I don't see how copper consumption can possibly increase significantly.
Can China save the day?
Most copper imported into China is then reprocessed and extruded as copper wire. When the copper wire is manufactured into tubing, refrigerators and batteries for export it still shows up as internal Chinese copper consumption. There is no way of knowing how much of China’s copper consumption actually stays internal and how much goes back out in other export products. If China is going to save the day for copper we have to approach usage from the perspective of China’s total economy.
China’s GPD in 2007 and 2008 was approximately 6% of global GDP—Europe and USA account for nearly half of global GDP. Based on the most recent World Bank statistics, China’s 2007 total GDP was $3.3 trillion, a full 55% of which was attributable to exports. In 2008 China’s exports were down 28%. This year is not getting off to a roaring start as the Shanghai Daily reports that industrial output is down 12.7% for the first two months of 2009.
China’s building boom is not fairing very well either. Post Beijing Olympics, China’s real estate market has collapsed. According to Jack Rodman, a China real estate expert, in Beijing alone approximately 500 million square feet of commercial real estate was developed over the past few years; this is more than all the office space in Manhattan. Rodman estimates 20% of that now stands vacant.
Similar stories are being reported across Asia as documented by the Asia Property Report which estimates that real estate transactions were down 70% in Q-4, 2008. With Asia and the world’s building boom gone bust or at least slowed significantly, and China’s export markets in a severe and prolonged recession, demand for their products and the copper within is unlikely to recover soon. In the near term at least, increased copper consumption would require a global recovery approaching the levels of a few years ago.
Confirming the obvious: true internal Chinese consumption is much less than many analysts believe and is unlikely to take up the slack in global copper consumption.
Both the US and China are proposing major government sponsored infrastructure projects to “kick-start the economy”. Although China building a railroad to Mongolia and Obama greening up some government buildings will add to metal consumption, one has to ask—“Is this going to compensate for the entrepreneurial developers supercharged on cheap and easy credit that drove the last great boom?”
Consider: US GDP was about $13 trillion in 2007 of which consumer consumption represents 70%. That 70%, or $9 trillion, is nearly three times China’s total economy. Given the steep decline in global demand for China’s exports, the crash in the world’s construction market, and China’s own building slowdown, how are government sponsored projects going to fill the gap?
An even more fundamental question to ponder might be whether the blind Western devotion to the ideology that both happiness and success are somehow inextricably tied to bigger SUV’s and flatter TV’s is-- over. It is just possible that “we the world” are coming to grasp that the over consumption and risk-free financial gambling that brought about this mess may not be what Adam Smith and Thomas Jefferson had in mind.
If the duped masses come to the realization that they are the ones covering the trillion dollar, flat-out bets orchestrated by AIG and Goldman Sachs in bed with the Fed, Greenspan, Paulson and Geithner, maybe there is hope for change. Maybe, just maybe, as we are all watching our hard-earned savings disappearing down another hole, once again to the benefit of these financial engineers, the s--t will finally stick to the fan.
Even if not, I can pretty well guarantee that we all won’t be watching whatever is happening, brought to you without commercial interruption and televised in color on brand new 52” copper plated LCD TV’s.
#87
By Claudia Carpenter
April 14 (Bloomberg) -- Copper climbed to the highest in almost six months in London on speculation inventories will shrink on demand from China, the world’s largest buyer of the metal. Aluminum and tin dropped.
Copper stockpiles in warehouses monitored by the London Metal Exchange dropped 4,775 metric tons to 492,000 tons, the lowest since Feb. 2. Chinese imports of refined copper probably topped 300,000 tons for the first time in March, with at least 75,000 tons going to the government’s State Reserve Bureau stockpiling agency, according to Scotia Capital Inc.
“China is the main reason for inventories going down,” said Jochen Hitzfeld, an analyst at Unicredit SpA in Munich. “Only 2 percent of global copper reserves are in China, and they can still expect a strong industrial boom for the next couple of years.”
Copper for delivery in three months rose $81, or 1.8 percent, to $4,640 a ton at 10:45 a.m. on the LME. The contract climbed as high as $4,925, the highest since Oct. 20. Excluding China’s 17 percent value-added tax, the Shanghai price is about $4,730 a ton.
The benchmark future for copper may average $4,100 a ton this year and $4,400 next year, Hitzfeld said. That compares with $3,590 a ton so far in 2009.
China’s 4 trillion-yuan ($590 billion) stimulus plan has spurred the first increase in manufacturing in six months and a sixfold surge in bank lending in March, boosting consumption of metals used in buildings, power grids and vehicles. Copper rose 6 percent last week, the fourth consecutive weekly advance.
Bullish Bets
Hedge-fund managers and other large speculators increased their long positions in New York copper futures, or bets on higher prices, by 20 percent to 18,576 contracts as of April 7. That was the highest since July 22, according to U.S. Commodity Futures Trading Commission data.
Copper for July delivery fell 0.9 percent to $2.12 a pound on the New York Mercantile Exchange’s Comex division. New York futures climbed 2.6 percent yesterday as the LME was closed for the Easter holiday.
The S&P GSCI Index of 24 raw materials jumped as much as 1 percent today, led by gas oil, brent crude and arabica coffee.
Aluminum declined $25, or 1.6 percent, to $1,510 a ton, and tin fell $50, or 0.5 percent, to $10,950 a ton. Inventories of aluminum jumped 2.8 percent to a record 3.65 million tons, and tin stockpiles gained 1.1 percent to 12,070 tons, the most since Jan. 4, 2008.
Zinc gained $23, or 1.7 percent, to $1,418 a ton. Nickel added $375, or 3.4 percent, to $11,415 a ton, and lead climbed $22, or 1.6 percent, to $1,425 a ton.
To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net
Last Updated: April 14, 2009 05:48 EDT
#88

nächastes ziel bruch der 0.025
#89
sieht echt toll aus da kommt noch einiges ..
ich erwarte alleine 4 news in den nächsten wochen....
#90
von
http://www.wallstreet-lottery.com/
03.30.2009 Copper King Mining ( CPRK) chance --> 3 - 5 bagger
hab mal den admin da angeschrieben bald kommt ein update zu cprk raus...
#91
#92

Schön das du auch hier bist D.E.!
Wird schon werden, die ausstehenden News werdens schon antreiben!

Gruß
frenchi
#93
Ich denke mitlerweile dürften wir alle schön im Plus sein. Jetzt heissts zurücklehnen und freuen!
Und in 2 1/2 Wochen wollen die bereits die Produktion voll am laufen haben. Sollten sie das schaffen ist klar was hier passiert. Die Firma bringt reveneus, jedes quartal etwas mehr. Dilution wird nicht mehr nötig sein und evtl sogar wirklich aktien vom markt zurückgekauft!
#94
Here is food for thought!!!! RE- READ the pr out! The PR in the newspaper states that in three weeks now 2 1/2 weeks they will be at FULL production!! So? in the mean time I would expect a pr out stating that they are doing a soft start! Full production is awesome!! but I'm a happy camper if they soon start the soft start!!!! Hang on! Keep all arms and heads inside the ride Please!!
Der hat recht.. ein softstart wäre schon krass für den zeitraum. wenn die tatsächlich in produktion gehen ?
ist was von vorwärtsverkäufen bekannt ?
#95
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#99
80000 Pounds per day @ $2 = $160K/day copper
ein bisschen krass oder ?
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Wäre ja zu überlegen .
#104
Let's assume your calculations are correct and the company will make $.02 per share per year in profit. There are many different ways to look at what is a reasonable share price.
If they pay 50% of the profits as dividends, then we will make $.01 per year per share in dividends. If you are looking for an 8% return on your investment (which today is a great return), then this would justify a share price of $.125. ($.125 x 8% = $.01). If you think they will pay more than 50% as dividends, then the share price goes up, and if you think they will pay less than 50%, the share price would go down.
A lot of investors use a P/E multiple to justify a share price. P/E is share Price divided by Earnings (or profits). I have done some minimal DD on P/E multiples for copper mining companies and a few months ago found they were ranging between 8-15. If you use a P/E of 8, then this says the share price should be $.02 profit x 8 = $.16. If you use 15, then the share price should be $.30.
There are other methods for estimating share price, but those are 2 of them.
FFF
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http://ui.skype.com/ui/0/3.1.0.144/de/publicchats-join?skype…
#109
From my correspondence with MD in Feb. 2009, he is expecting the following amounts in the copper concentrate. I am not sure if this is just from the Hidden Treasure mine, or overall for the foreseeable future. Also keep in mind that this was from a discussion in Feb. 2009, and things may have changed.
"The concnetrate should assay as follows: .25 to .5 OPT (ounces per ton) Gold, 70 ounces per ton silver, 35% average copper. This is 35% X 2000 lbs. = 700 pounds copper per ton of concentrate. Will make 70-100 tons of con per day."
So at an aggressive number of 100 tons of concentrate produced per day (which equates to around 3,000 tons of ore processed per day): 70,000 pounds copper per day X $2.10 = $147,000, Gold 37.5 oz X $900.00= $33,750.00, Silver 70 OPT X 100 tons con. = 7,000 oz X 13.00 = $91,000 per day. So an aggressive per day total would be $271,750. Then you have to reduce that amount by 5-10% for the smelting process, so CPRK, at todays material prices, should get around $245,000 - $258,000 in daily revenues. Using 340 production days / year, that equates to annual revenues of around $83M - $87M.
For the sake of discussion, assume that 50% of revenues will be profits, so they will have an annual profit of around $40M. That equates to $.0133 profit per share (assuming 3.0B shares). If 1/2 of it is given as dividends and 1/2 reinvested into paying off debt, buyback of shares, and growth, then we would all get around $.0065 per share in dividends and maybe have a stock price of around $.15 - $.20, IMO.
FFF
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http://www.wallstreet-lottery.com/index.php?option=com_conte…
#117
next steps productins
buyer of the concentrate
and so on
und noch den rest zu link oben
#118
Kommt die "sicher" oder nur "wahrscheinlich"?
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#123
war eine SL welle.... Gute Gelegenheit nochmal nachzuladen..
hab ich heute auch gemacht unter 0.02 ist die Aktie meiner ansicht nach günstig da auch in dne nächstne 1-2 woche dicke news kommen sollen..
d.h.
begin nder Produkzion und news über den Käufer des gewonennen Konzentrat ( Kupfer, Gold, Silber,... )
#124
#125
wo ore verarbeitet!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_i…
#126
1. Electrical, water, leaks, bugs and the like have been going on for a month or so.
2. Dry run w/o ore.... 2 weeks
3. Wet run with low grade ore to "prime" the mill... 1 week
4. Low ton runs w better grade ore.... yesterday?
5. Full production w revenues??? VERY SOON...imo
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und hier auf Photo gallery..
da ist auch ein beispiel für die homepage die demnächst online geht!!
Aktie dürfte diese woche wieder richtung 2 cent gehen!
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#139
Copper King Share Structure:
Date O/S A/S Float
4/22/09 3,084,084,222 3,500,00,000 1,070,587,739
#140
CPRK FILING RESOURCES:
Nevada Secretary of State:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSea…
#141
#142
My uncle works at Kenicott copper and 6 months ago he told me they were watching copper king but didnt have much hope they would become a going concern. I had the chance to revisit the subject just this past weekend with him as he was visiting my parents.. He had quite a diffrent opinion of copper kings abilities now than then. He was very positive about what he was seeing and there capabilities. I just thought id pass on some personal conversations about this company.
#143
Settlement date of 4/15/09 of all short interest positions since 3/27/08.
COPPER KING MINING (CPRK) OTC Type: Other-OTC
Short Interest for April 15 2009
Short Interest- Percent Change -Average Daily Share Volume - Days to Cover
200 ---(99.99)---- 10,474,603---- 1.00
Spacing is screwy but only 200 shares shorted during this period. Nothing going on here.
#144
#145
Copper King Mining Corp.
1208 South 200 West
Milford, UT 84751
http://www.copperkingmining.com
* Phone: 435-387-5053
* Fax: 435-387-5088
* E-mail: info@copperkingmining.com
#146
Company Officers
Eric Barlow, Dir.
David McMullen, Dir.
Marcus Southworth, Dir.
Karl Truman, Dir.
Mark Dotson, President, CEO, Treasurer
Gavin Wetzel, IR
*
Number of Employees
140 as of Oct 1, 2008
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buyer of the concentrat
full production
stock buyback
dividende
imo
#152
May 8, 2009 10:04:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesMILFORD, Utah--(BUSINESS WIRE)-- Copper King Mining Corporation (Pink Sheets: CPRK) ("Copper King") announced today, after a lengthy period of processing and start-up procedures using temporary power, that commercial production has commenced using permanent power supplied by Rocky Mountain Power at the newly completed, state-of-the-art concentrator near Milford, Utah. Production began at the rate of 1,200 short tons per day and it is expected that the mill will ramp up to at least 2,500 short tons per day over the next 45 days.
Even though commercial power has not previously been available for the mill, Rocky Mountain Power has worked diligently over the course of the last three years to help provide the necessary power. Western Utah Copper/Copper King has participated jointly with Rocky Mountain Power in enlarging the Milford substation capacity to supply commercial power.
In addition, the company intends as phase two of its operations, pending additional power supply arrangements, the commissioning of a 90,000 pound per day solvent extraction electrowin ("SXEW") plant. This plant will leach and process the remaining copper from the flotation tails to produce pure cathode copper on site. The company expects this plant to be fully operational by November 2009. The Company projects that the plant will begin at a production rate of 30,000 pounds of copper cathodes per day and then ramp up to 90,000 pounds per day.
At full production during these first two phases and as the mill processes higher daily tonnages, the company projects to make 65-70,000 pounds of copper per day in concentrate plus gold and silver, and 90,000 pounds per day of copper cathodes. This would bring the daily total production up to 160,000 pounds of combined copper per day, plus gold and silver.
"With the commencement of commercial production at the concentrator, we are well on our way to generating cash flows and proving up the potential of our projects," said Mark D. Dotson, president and CEO of Copper King. "With the lengthy start-up process behind us and with permanent power arrangements now in reach, we now look forward to commissioning the SXEW circuit while we continue to expand our geologic resources with our exploration activities."
Magnetite Production
In August of 2008, Western Utah Copper/Copper King signed a 10-year contract with a large coal company to supply magnetite. Pursuant to that contract, the Company has removed, washed, processed and shipped by Union Pacific Railroad over 5,000 tons of magnetite concentrate to date. The Company is now increasing its output rate to approximately 700 - 900 tons per day. This production is in addition to the production from the mill described above.
Copper King Mining will be participating in the Las Vegas Moneyshow at the Mandalay Bay Hotel starting Tuesday, May 12 - Thursday, May 14, 2009.
Our Investor Relations representative, Charles Moskowitz will be available at Booth 720 along with a Company representative to answer any questions about our Company and our new state-of-the-art Flotation Mill.
About Copper King
Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
Management hopes these transactions will bring additional value to the shareholders of Copper King. There is no guarantee that the projects will increase the value of its shares of common stock.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to commence production, our plans to drill or our drilling results to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
Source: Copper King Mining Corporation
----------------------------------------------
Copper King Mining Corporation
Investor Contact:
Charles A. Moskowitz
617-633-2259
CAM@Copperkingmining.com
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MILFORD, UT -- (Marketwire) -- 09/17/09 -- Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the "Company") and its wholly owned subsidiary, Western Utah Copper Company, are pleased to announce that they are scheduled to begin regular shipments of copper concentrate beginning September 21, 2009 to a receiving smelter pursuant to the Company's concentrate sale agreement with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of Scotland PLC. The Company expects to initially ship one truck load per day, five days a week, gradually increasing to three trucks per day, five days a week. The Company also announces that it further expects to increase its magnetite production by as much as 100%, from the current level of approximately 2,000 tons every ten days to 4,000 tons of magnetite concentrate every ten days. Shipment of magnetite is currently by rail, while copper concentrate shipments will initially be by truck to a domestic receiving smelter.
"After previously commencing production operations at the mill, commencing the regular shipment of copper concentrate pursuant to the concentrate sale agreement represents the next major step in the progress of our project," said Mark Dotson, Copper King's CEO and President. "This signifies that we have achieved the successful operation of all of the major circuits in the mill for the production of commercial quantities of saleable copper concentrates on a regular basis. We now look forward to increasing production rates as well as to further exploration and potential development of the entire Milford Mineral Belt."
About Copper King
Copper King controls over 80,000 acres of advanced-stage and development-stage mineralized acreage in Western Beaver County, Utah. The Company is ramping up production at a 5,000 ton per day capacity flotation mill for processing high-grade ores from its Hidden Treasure copper-gold-silver mine and other controlled properties under its control.
Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to commence production, our plans to drill or our drilling results to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
Contact
Investor Relations:
Charles A. Moskowitz
617-633-2259
Email Contact
Company URL: www.wuccompany.com
#157
Ich freu mich auf ein paar spannende Wochen
#158
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, dann geht das Ding durch die Decke
