Copper King Mining Corporation fka CPRKQ

[Johnny4profits]

"I new somebody wold finally set the record straight Thanks FFF"

I agree and thank FFF for the clarification. You may look at what has been posted and published and no doubt understand how an amateur such as myself would be a little confused. Regardless, even though the information confuses me, I am not at all confused about my CPRK sentiments being LONG.

For anyone interested on how I would come to my vague and abstract INCORRECT conclusions, the following is the information I had looked at in IBOX and on Scottrade and Google Finance. I think that it is a good representation. In any case, that next promised PR by Charles should make everything very clear and I know that we all look forward to it.

A question I have is in regards to the Sempra payment schedule and as I see a little confusion in the postings here today and I have not been able to find that PR reference, can someone post that resource here for us to see? Thank you. I looked and it just escaped my bifocal view.


THE SAMPLE OF RESOURCES................

POSTED: "The Cu Con is being paid for in this manner (as best I can recal but no doubt will be corrected) 75% is paid on LEAVING the mine, 10% on arrival at the smelter, and the final 5% on the issuance of the assay / content report from the smelter. So yes you did leave something out, there is cash flow, and all that would be on account so to speak would be a 5% balance due paid on demand on issuance of the report from the smelter."

POSTED: "SEMPRA payment terms are 60% upon shipment, 30% upon delivery at the smelter, and 10% balance once actual content is determined."

POSTED: "Perfect thanks I was sure it was not the J4P scenario that was mentioned, in fact as you correctly point out only 10% is outstanding for any length of time. Would it be fair to suggest that this period of time would probably not exceed 14 days? In any event 90% of each shipment is paid within no more than 5 days after leaving the mine, that in my book, is cash flow. Whether it is enough to be cash flow positive, none of the posters on this board can say with any accuracy."

RESOURCES

MARKET WIRE:

Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the "Company") is pleased to announce that it has completed production of in excess of 500 tons of concentrates from its Milford, Utah mill, and is presently preparing to ship another 250 tons of concentrate to the receiving smelter. Gold values in the concentrates have averaged from 0.18 to 0.24 ounces per ton, while silver has averaged 18 to 22 ounces per ton of concentrate. Copper has ranged from as high as 45%, while the shipped average is somewhat lower. The Company expects to substantially increase concentrate production by adding a six-cell conventional cleaner bank to clean the concentrate and a six-cell rougher bank to re-filter the tails discharge line.

THE CAESAR REPORT:

Milford, UT, October 24, 2009 --(PR.com)-- Copper King Mining Corporation (Pinksheets: CPRK) ("Copper King" or the "Company") is ramping up its production towards its 5000 tonnes per day mill capacity. The mill currently works at a 2200 tpd rate (44%), as part of the soft start-up plan for the mill. The company hopes to reach the 3375 tpd (67.5%) rate at the end of this year.

Copper King Mining has an agreement with RBS Sempra Metals & Concentrates LLC, wherein is stipulated that Sempra Metals, the base metals investment vehicle of the Royal Bank of Scotland, will purchase the entire production of Copper King’s mining activities. This agreement lasts four years.

At a 3375 tpd rate (without magnetite credits), Copper King Mining would produce some 25 million pounds of copper annually, good for a net revenue of almost 36M USD, at a copper price of 2.50 USD/lbs, based on a 340 days a year working mill.

The company currently estimates the cash costs per lbs copper on 1.10 USD. That’s fairly low looking to its peers in the sector. In the estimate of 1.10 USD/lbs, the future magnetite revenues aren’t included yet. As management estimates magnetite has a grade of about 30% (with an output purity of 65%), revenues could be significant. Using this 30% estimate, at a 3375 tpd rate, Copper King should see a daily production of 800 to 900 tonnes magnetite, and 33 tonnes of copper.

With a long-term projection of the spotprice at 50 USD/tonne magnetite, and only 500 tonnes magnetite a day, the cash costs for copper should drop towards only 75 cents a pound.

Taking al numbers into account, a net revenue of around 44 million USD is projected.

Fixed costs are estimated at roughly 10M USD a year, so the company would turn cashflow positive.

Their recently bought solvent-extraction electro-winning plant (SX/EW) would increase the copper they get out of the ore from 55% - 65% now, to 90%. The company plans to have it operational within the next 12 months.

Copper King has recently appointed an accounting firm to make the company full-reporting, making it able for them to move away from the Pink Sheets, probably first to OTC-BB, to move higher, later on. Full financial reports are expected to be available from Q1 2010/ Q2 2010.

For the full report, subscribe Free at http://www.CaesarsReport.com

MARKET WIRE:

MILFORD, UT--(Marketwire - September 17, 2009) - Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the "Company") and its wholly owned subsidiary, Western Utah Copper Company, are pleased to announce that they are scheduled to begin regular shipments of copper concentrate beginning September 21, 2009 to a receiving smelter pursuant to the Company's concentrate sale agreement with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of Scotland PLC. The Company expects to initially ship one truck load per day, five days a week, gradually increasing to three trucks per day, five days a week. The Company also announces that it further expects to increase its magnetite production by as much as 100%, from the current level of approximately 2,000 tons every ten days to 4,000 tons of magnetite concentrate every ten days. Shipment of magnetite is currently by rail, while copper concentrate shipments will initially be by truck to a domestic receiving smelter.

"After previously commencing production operations at the mill, commencing the regular shipment of copper concentrate pursuant to the concentrate sale agreement represents the next major step in the progress of our project," said Mark Dotson, Copper King's CEO and President. "This signifies that we have achieved the successful operation of all of the major circuits in the mill for the production of commercial quantities of saleable copper concentrates on a regular basis. We now look forward to increasing production rates as well as to further exploration and potential development of the entire Milford Mineral Belt."