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.
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