I'm surprised there hasn't been any response here to yesterday's update.
CopperKing
Shareholder Update March 26, 2020
Shareholder Update
Dear Shareholder,
We pray you are all doing well in this time of the COVID-19 pandemic.
All of us are doing our part to �flatten the curve� and hoping this will be over soon.
Economic activity around the world has slowed considerably and we have had several calls and emails from shareholders wondering how the slowdown has affected Copper King. We are sending this update to answer some of the questions we have been receiving.
It has admittedly been too long since we last provided an update. We do recognize the need to keep you informed and I apologize for not getting an update out sooner.
We were anticipating having some important and significant news to report so, rather than filling your email box with irrelevant information, I purposely delayed sending an update. That has turned out to be a wrong decision.
The corona virus pandemic has affected Copper King just as it has all of us in our personal and business lives. However, those effects have not all been negative. I am reminded of the quote attributed to John Wooden �Things work out best for those who make the best of the way things work out.�
Negative effects of corona virus on Copper King.
� Project funding has been delayed.
� Certain Corporate initiatives have been delayed.
� We are under some time pressure to get projects underway and are negotiating for extensions.
� Closings on projects and claims purchases have been delayed.
� Contracts have been delayed.
Possible Positive outcomes.
� We have used the delays to add needed assays on assets and will continue that process on an accelerated basis for the next few weeks.
� We are using some of the extra time to do more mineralogical and metallurgical testing to maximize asset value. This will provide a future payoff as extraction percentages will be higher.
� There is a newly renewed effort in the United States to become more self-sufficient in some of the more critical materials and supplies needed to protect our citizens and our independence. This renewed effort should have a positive effect on Copper King specifically in the strategic minerals arena as it relates to our Arizona Fluorspar project.
� Many experts expect the U.S. government to increase incentives surrounding strategic minerals including such things as subsidizing development of strategically important mineral assets.
We firmly believe that the future of Copper King is bright.
We acknowledge that times are tough, but we also have faith that the future will be better. If we handle these times correctly, we will be stronger as individuals, as a company, as a society, and as a country.
Please take care of yourselves and stay safe.
Thank You,
Regards,
Lee
p.s. I promise we will not wait so long to send our next update.
Patience will be rewarded ...
