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Re: CopperKen post# 80660

Tuesday, 01/06/2015 12:17:51 PM

Tuesday, January 06, 2015 12:17:51 PM

Post# of 83044


CPRK is a 50% owner in the mine, yes we have a contract with JC Imperial the landowners who are also our partners and operators. Les and Richard Billingsley are their names. Almost all the land is patented property.

Obviously since the BK CPRK has no money and its kind of difficult to buy a mine with no money so ESF and management have been loaning money to CPRK to pay for it.


The current permit allows them to only stockpile 750 tons of ore onsite so there wont ever be huge piles of it onsite, however they have another site a few miles down the road where the ore in excess of 750 tons is being trucked to and stockpiled until there is enough to ship to the smelter.

Also, there are 2 inspections in the next 2 weeks, the first from the water quality people and the 2nd from mining and mineral folks because they want to change a roadway grade.

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