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This is the great new stock I have been looking forward to sharing with you.
There are no shortage of reasons why I think CPRK delivers an incredible one – two punch.
Exhibit “A” in my excitement process starts with CPRK’s chart:
Obviously, there are incredibly important reasons why this chart is so strong.
Located in the United States!
The second point in my enthusiasm is that the announcement this morning of the acquisition of ONE HUNDRED PERCENT of the Western Utah Mining Company is for a company located in the UNITED STATES.
You simply cannot underestimate the importance and financial advantage of having a mine located in the United States. South American mines constantly suffer from labor strikes. African mines are repeatedly shut down by power interruptions — last week every mine in South Africa closed and they are still not certain how they will supply power for the remainder of the year.
Own Your Own Mill
In order to manage costs in the mining world it is crucial to have your mining equipment on the ground now! With the increased mining activity worldwide, obtaining mining equipment can take as long as a year and with increased demand the cost has increased.
Copper King will obtain a complete line of Caterpillar Mining equipment with Western Copper Mining.
Copper King will own a processing mill which is near completion. This is crucial in setting a mine’s fixed costs associated with production.
The mill upon its completion is expected to process 2500 tons of ore per day, recovering 50-65,000 pounds of Copper per day plus Gold and Silver. The properties mineralization consists of Gold, Silver, Copper and other metals such as Tungsten and Molly.
Copper Prices Stable
My third point of enthusiasm is that copper prices have remained incredibly stable.
Copper futures rose at the open today. Copper is holding between $3.10 (a lb) and $3.30.
“Short term the gyrations in the equities are likely to dominate events, but the underlying trend in the metals now seems to have taken a turn for the upside on the back of a pickup in consumer activity following the destocking in Q4 2007 and the supply disruptions affecting production in China and South Africa,” wrote William Adams, metals analyst with BaseMetals.com.
Perfect Storm for Success Brewing Here
I have had my research team working on the importance of CPRK’s dynamics in western Utah and I will be bringing those to you.
But this is a company with a strong future — and the combination of gold and silver found in the copper just makes this deal even sweeter.
Source:
Copper King Mining Corp.
1818 West Francis Avenue
Suite 190
Spokane, WA 99205
Phone: (509) 466-3413
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this 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.