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IDGJ is remaining on their upward trajectory. They are up as much 117% since coverage initiated and they have reached their highest point in two weeks today. This is a stock that bears close watching. Any day that they come out with a big announcement about a new client I expect to see this really take off.
Copper Kings Moves BIG – Up as Much as 81% Intraday with a High of $0.30.
I am excited about the BIG StockGuru move today. The news we brought you this morning that Copper Kings new mill should be able to concentrate upwards of 65,000 lbs of copper per day was important in terms of revenue. This company has delivered the goods.
When you couple this great news with S&P’s Friday announcement that they looked for the average price of copper to remain steady at $2.80 per pound for 2008 with upward potential going forward you get a great StockGuru Outlook.
This means Copper Kings — with their OWN MILL — should be in excellent revenue shape.
Copper Kings also anticipate they will produce substantial gold and silver contained in the concentrate.
The mill could come on line in the 2nd quarter of 2008.
S&P looks for an average copper price in 2008 of $2.80 a pound. Longer term, S&P said that secular demand for copper and other base metals will increase led by the industrialization of China and India.
S&P believes production of copper and other base metals will increase less rapidly than demand, as output at existing mines is exhausted and fewer new mines come into production. Copper Kings will be producing revenue by the second quarter of 2008 in the United States — where labor disruptions and power failures will NOT be an issue.
Owning Your Own Mill Gives Fixed Overhead Costs
Copper King obtained a complete line of Caterpillar Mining equipment with Western Copper Mining. With Copper King the mine’s fixed costs associated with production are much more manageable because they own their own mill.
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.