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I think Copper Kings’ announcement today that Kataman Metals of St. Louis, Missouri, has provided an irrevocable purchase order for the life of the mine to purchase all metals produced at the mine, welcomes Copper King to the world of steady cash flow revenue!
I believe the fact that Kataman payment can be made on verification of shipment means there will be great turnaround on cash flow. This gives Copper King the revenue cash flow it needs to mine and mill production.
We can all understand the importance of the fact that Kataman has been in business for over fifteen years. This established firm which is a large company that purchases metal production from nearly all big producers. This means that Copper Kings will be able to count on the revenue it needs to maintain and improve its mining infrastructure.
This is good news for a low risk mining producer located in the United States.
I was impressed to see that Copper was steady again in morning trade today. Copper prices are holding firm on continuing expectations for strong demand from China.
I wanted to share with you another example of the many obstacles that plague mining outside the United States — in addition to labor strikes in South America, power outages in South Africa, and limited power in Ghana — today an earthquake measuring 6.3 on the moment magnitude scale hit major copper producer Chile yesterday.
There is a true premium for a mining company located in the United States and I believe Copper King is putting their plan in place.
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.