Saturday, May 14, 2011 10:34:17 AM
Once listed on the TSX, it's rise was impressive
No, it is was not dual listed
Re: CNYC- Canyon Copper Corp. is a resource exploration company with a well advanced,Copper (both Oxide & Sulphide) and Molybdenum project. The Property lies within the famous Walker Lane Structural Belt of western Nevada, in Mineral County,
Nevada, near the town of Luning.
Canyon Copper holds a 100% interest in over 1,300 plus mineral claims representing approximately 27,000 acres.
• The Existing NI 43-101 report indicated Copper Resource is for 140 million lbs
+ 18 million lbs inferred – total 158 million lbs of copper.
• Conoco Oil Company Historic Resource (not 43-101 compliant) =
1.13 billion lbs of copper + 40 million lbs of molybdenum.
• The company has engaged MGI Securities Inc. as “Sponsors” for a TSX.V Listing.
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CUM are much further along, producer now ... This is what we want in a few years
At the beginning of 2010 they had O/S of 90 Million, not sure of now http://www.cumtn.com/sitemanager/_pdf_financials/CMMC2010FS.pdf
Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company's shares trade on the Toronto Stock Exchange under the symbol "CUM". Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Project. The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia.
The Copper Mountain Project has a current resource of approximately 5 billion pounds of copper, the Copper Mountain Project is fully financed ($438M) and in construction.
The project is on schedule for the mine to produce approximately 100 million pounds of copper per starting June 2011. Additional information is available on the Company's web page at www.CuMtn.com.
Looking to Increase my wealth, Good luck to us both, may the force be with you !!!
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