PERU COPPER (CUP)

[sidesh0wb0b]

LIMA -(Dow Jones)- Mining companies plan to invest $11 billion in Peru in the 2007-2011 period, Energy and Mines Minister Juan Valdivia said in a statement late Wednesday.
Key projects include Peru Copper Inc.'s (CUP) Toromocho copper mine that will require $2 billion, and Minera Yanacocha's Minas Conga gold-copper mine that is expected to require $1.5 billion. Minera Yanacocha is operated by Newmont Mining Corp. (NEM).
Oscar Gonzalez Rocha, chief executive officer of Southern Copper Corp. (PCU) recently said his company plans to invest $2.88 billion in Peru by 2011 to increase its copper production by an annual 328,000 tons.
The company currently produces around 350,000 tons of copper in Peru.
Moreover, according to Minister Valdivia, in 2008 mining companies will contribute more than 5.2 billion soles ($1=PEN3.1585) to the regions and municipalities where mining projects are located.
Those funds include a special regional tax known as the "canon" and royalties. The canon payments will be tied to 2007 income tax payments. They also include a PEN500 million voluntary payment for social projects. -By Rebecca Howard, Dow Jones Newswires; 51-1-221 7050; [e-mail]

[sidesh0wb0b]

decent volume today, and its not even 2pm!

[sidesh0wb0b]

6.21, we are close to a break over 6.25.....lets goooo!

[huggums]

Me either, will hold even if the merger falls thru. The potential is there and I have the time to wait. So, Good Luck to us!!

[sidesh0wb0b]

8 would be super. im not releasing at 6.22 USD, not a chance.

[huggums]

Yup, nice to see. Hopefully a second offer is on the way! I would like to see one for at least $8.00 or so.

[sidesh0wb0b]

back in the green today! lets keep moving up past the 6.22 mark

[sidesh0wb0b]

Just a wee bit more news.


"We have made an offer to purchase all the outstanding
common shares of Peru Copper for C$6.6 per share in cash," Xiao
Yaqing, president of Chinalco told China Daily in an exclusive
interview.

"Concurrent with the announcement of our intention to make
the offer, we agreed to invest C$70 million (US$67 million) to
subscribe to a 9.9 per cent interest in Peru Copper at a price
of C$5.3 per share, " he said.

Peru Copper is listed on the Toronto stock market.

Chinalco's Peru Copper deal is part of its ongoing efforts
in overseas expansion, analysts say.

It already has aluminum-related projects in Australia,
Africa, Southeast Asia and South America, Xiao said.

Chinalco is now the world's fourth-largest aluminum
company.

Peru Copper said it would use the money to fund its
Toromocho project, a copper mine in Morococha in central
Peru.

The company is now also investing in bauxite mining projects
in countries such as Vietnam and Guinea. "Our project in
Vietnam includes bauxite mining and alumina production, with
the total investment of over US$1 billion," said Xiao.

"Now we are also doing exploration work for bauxite mine
reserves in Guinea. The project will have the capacity of over
1 billion tons," he added.

This March Chinalco signed an agreement with the government
of Queensland, Australia, to develop the Aurukun bauxite mining
project. The A$3 billion (US$2.6 billion) deal is by far the
largest investment deal by a Chinese company in Australia.

Overseas mining resources are important for Chinalco, said
Xiao. As China's national aluminum company, Chinalco's quick
expansion has pushed up its demand for the resources.

China now has become the world's largest aluminum products
maker and consumer, but China's bauxite mine resources only
account for 2 per cent of the world total.

"But the bauxite mine resources we have now bought overseas
is equal to one-third of China's total reserves," said Xiao.

"Our overseas projects have contributed a lot to the
development of the local economy," he said. "For instance, our
investment in Australia has helped improve the economy in the
region."

Despite a series of mergers and acquisitions in the world's
aluminum industry, Xiao said Chinalco now has no plans to buy
its global rivals.

In May, the world' largest aluminum company Alcoa of the US
said it agreed to buy the world's second-largest aluminum
company Alcan in Canada.

"Now is not the best time for us to acquire foreign
companies. We are making efforts to make our company more
multinational," he said. Instead, Chinalco chose to "buy many
domestic aluminum companies to increase its capacity".

"Now our sales focus more on the domestic market. We aim to
increase our overseas sales to one-third of the total in the
next 5 to 10 years."

Last year sales revenue of the company was around US$13
billion, a growth of more than 30 per cent year-on-year.

(XIC)
(C) 2007 Asia Pulse Pte Ltd

[sidesh0wb0b]

CUP on its way
they may be only paying 6.25 or so USD but we will be far past that soon on the open!

[Pecuniam]

drluck, now your pumping! They are paying 6.22 only.

[drluck]

GO CUP !!!!! 7$ soon !!!!

[huggums]

after hours trade of 708,300 at $6.10. Yikes! Possibly an insider sell, but do you think the Chinese are buying to save a few cents? Or someone preparing to make a better offer?

[Pecuniam]

Slow and steady, accumulate for the buyout IMO.

[flaco1]

So the 6.20 price per share that they are taking today is off by almost 4 bucks. I was amazed that CUP did not move higher then what it got to today.

[Pecuniam]

The company is still in the exploration stage, but it has generated some buzz because its primary mining target, copper, is so hot right now. As the price of copper itself soars, the stocks of copper-mining companies like Southern Copper (NYSE: PCU) have been consistently hitting 52-week highs. And with the massive $26 billion buyout of Phelps Dodge by Freeport-McMoRan (NYSE: FCX), Peru Copper shareholders certainly have reason to believe that their $660 million company could be a serious takeover candidate.

The company is currently working with UBS to figure out its next move. It claims it's keeping all of its options open -- in addition to considering an outright sale of the company, it's also mulling bringing in a partner to help with development of the Toromocho Project, or raising capital to do the development itself.

CAPS players have largely supported the stock and believe it could be worth a lot more than it's currently selling for. All-Star Jeffreyw posits:

Peru Copper is undervalued at $5/share. As copper prices and demand increase, the market will fairly value [the company] (around $10/share) or it will be bought by another company for close to fair value.

UofMNorthman also points out that the stock has a thin following on Wall Street and calls it "a diamond in the rough."

[Pecuniam]

Stock cooling off, got a little ahead of itself.

[Crazy Money]

Here ya go buddy... lol... PR...

Peru Copper enters into exclusivity agreement
Thursday May 24, 6:12 pm ET

VANCOUVER, May 24 /PRNewswire-FirstCall/ - Peru Copper Inc. (TSX:PCR / AMEX:CUP / BVL:CUP) ("Peru Copper" or the "Company") announced today that it has entered into an exclusivity agreement with a third party in order to facilitate discussions with such third party regarding a potential transaction which may involve the acquisition of the Company or other material transactions. The exclusivity period ends on May 28, 2007. There is no certainty that agreement on a transaction will be reached and Peru Copper will provide further updates at the appropriate time.

Peru Copper is involved in the acquisition and exploration of potentially mineable deposits of copper in Peru. On June 11, 2003, Peru Copper entered into the Toromocho Option Agreement ("Toromocho Option") with Empresa Minera del Centro del Peru S.A. ("Centromin"), a Peruvian state-owned mining company, whereby Centromin granted the Company the option to acquire its interest in the mining concessions and related assets of the Toromocho Project.


Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can
economically and legally extract or produce. We use certain terms in this
press release, such as "mineral deposit", that the SEC guidelines
strictly prohibit U.S. registered companies from including in their
filings with the SEC. U.S. Investors are urged to consider closely the
disclosure in our Form F-3 Registration Statement, File # 333-121527,
which may be secured from us, or from the SEC's website at
http://www.sec.gov/edgar.shtml.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of copper and molybdenum, the timing of exploration activities, the mine life of the Toromocho Project, the economic viability and estimated internal rate of return of the Toromocho Project, the estimation of mineral reserves and mineral resources, the results of drilling, estimated future capital and operating costs, future stripping ratios, projected mineral recovery rates and Peru Copper's commitment to, and plans for developing, the Toromocho Project. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Peru Copper to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of the Toromocho Project, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of copper, silver, molybdenum and gold, as well as those factors discussed in the section entitled "Risk Factors" in the Form F-3 as on file with the Securities and Exchange Commission in Washington, D.C. and in the section entitled "Narrative Description of the Business -- Risks of the Business" in the Annual Information Form of the Company dated March 24, 2005. Although Peru Copper has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Peru Copper does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

CONTACT: Patrick De Witt, Director of Investor Relations, at [phone], or [e-mail]

[hinchback]

http://biz.yahoo.com/prnews/070524/to297.html?.v=48

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070524:MTFH79045_2...

[Pecuniam]

Dude just post the damn thing

[drluck]

reuters

[Pecuniam]

Where?

[drluck]

6.24 !!!!!!!!!!!!!!!!

[drluck]

Big NEWS OUT !!!!!!!!!!

[drluck]

· years CHART Amazing !!!!!!!!!!!!!!!!!!!

[drluck]

· years CHART Amazing !!!!!!!!!!!!!!!!!!!

[drluck]

ready to starts , we wait 2 years..... ATrget between 10$ -15$

[Pecuniam]

drluck,we are still very bullish on CUP. RU in?

[drluck]

Hey friends remember this --------------------easy 10$ --------------------------------------------------------------PERU COPPER - TOROMOCHO---------Big value reserve, this project can run for 30 years mine life, and have all around: rail service, 140 kilometers to Lima City (Peru Capital) Mantaro Electric Main Line front the door (Hidroelectric system is the more cheap power in the world, (Chile # 1 Escondida miners used gas)
Smelter city "La Oroya" is 10 miles distance from Toromocho!
This way synergy with Doe Run Smelter can be the key if they let to others got it tickets for the "copper head"party.
Don't loss your ticket, tentation for short are all around!
This days, volatile down...and dump....up CUP ...... TARGET 10 $.

CUP ...PERU COPPER.... Biggest Proyect in PERU starts in 30 DAYS ...5 BAGGER......

[drluck]

>CUP 10$ easy !!!!!!!

[drluck]

CUP READY TO DEPARTURE ..... 5 BAGGER

[Flip]

this chart is incredible right now and i have a feeling that copper is going to be like gold in the sense its going to rocket.

[LC Invest]

hmmmm again - a second good day in a row. What's up? There is no new news to support this. But, I'm not complaining!

[LC Invest]

hmmm, CUP is having a good day today. Yet I haven't seen any recent news about it.

[LC Invest]

Thnx. I'll be lurking on this board as well as some others (HMB, NLN, IBCX, ...)

[Pecuniam]

CUP is going to be at 10.00 in three years. Long term hold for steady gains. Toromocho is a HUGE project. Stay in touch and have a great new year.

[LC Invest]

Hmmm, CUP might be worth watching in the coming year. See article below (only a portion of the article is shown)

I bought CUP for 3.46 on 11/16/06 and it has floated around this level ever since, except right after this announcement when it shot up over $4 for a short time. I think that once they figure out how much their new deposit is worth, the share price should go up again. Any thoughts?


Peru Copper announces new discovery
Monday December 18, 2:41 pm ET
Large copper-zinc deposit found adjacent to existing Toromocho orebody


VANCOUVER, Dec. 18 /PRNewswire-FirstCall/ - Peru Copper Inc. (TSX:PCR / AMEX:CUP / BVL: CUP) ("Peru Copper" or the "Company") is pleased to announce that it has made a new discovery adjacent to the Toromocho deposit. The Company is continuing to define by drilling a large copper-zinc skarn deposit located immediately south-east of its existing copper deposit. The skarn is peripheral to the extensive breccia pipe that hosts the Toromocho porphyry copper deposit.

[Pecuniam]

We are tracking this now. Can I be the moderator?

[africaguru]

sell sell sell ------ problems in proyect insider info !

[MACH2]

What da hell is dis? Who is the MM here, Liberace(?), playing games with my Candles!

Maybe I will see a sub $4.75 entry point!

[MACH2]

Oh hell yes.......all of them look like toss ups....until the stampede starts!

[Schroeder]

CUP still looks like a toss up here

thanks

[MACH2]

Schroeder.....just forget those nasty black candles....think about sweet pink candies!

[MACH2]

And at end o' day the Harami turns into a solid Engulfing White Candle.....I wish I could get CUP at the price I first woke up to it....sub $4 but that's a thing of the past. Look at the Bollingers necking down, the stochastic is racing toward 90, Accum/Dist is positive, and the PPO will probably go positive on tomorrow's chart calculations.

Woe is me!



All I really care about is TRUTH, JUSTICE, and THE AMERICAN WAY!

[MACH2]

Not now....that White Harami is a moderately reliable reversal signal.

[Schroeder]

CUP=nasty black candles






http://stockcharts.com/h-sc/ui?s=cup&p=D&yr=0&mn=1&dy=0&id=p36994690895

[MACH2]

Wha.... do you think it will test and make a double bottom about 3.83?

[Schroeder]

are you sure /



http://stockcharts.com/h-sc/ui?s=cup&p=D&yr=0&mn=1&dy=0&id=p36994690895

[MACH2]

Okay I'll stop F'king with you, 4.75 is a good entry point IMVHO!

[MACH2]

Can we see the effects of BB Compression.....even moderate Compression......Holy Christ are we blind...?

[MACH2]

I think the one thing you have to look out for is BB Compression....sooner or later BB Compression takes you to task. It can make you or it can break you...so many subtile factors enter into the event's playout......but it is an exiting event! God I love it!