Replies to post #32038 on Copper King Mining Corporation fka CPRKQ

[Upandway]

Fantastic, thank you On2them. That makes perfect sense.
Cheers

[WMH09]

On2them...did you see where Colorado explained the 34ton/hour statement?

"2) Verification of shipment of concentrate. It looks like there should have been more concentrate on the ground and Walt said he thought it shipped. If nothing did ship. Where is the rest? I was told the plant run rate is considerably higher per hour but was dialed back to clean the screens. (65-90 tons/hour)"

Could you recalculate the fugures with maybe 90tons/hour? Thanks! Also, the company stated they where producing 700-900 tons/day of magnetite. I did not see that in your figures.

05-08-09
Magnetite Production

In August of 2008, Western Utah Copper/Copper King signed a 10-year contract with a large coal company to supply magnetite. Pursuant to that contract, the Company has removed, washed, processed and shipped by Union Pacific Railroad over 5,000 tons of magnetite concentrate to date. The Company is now increasing its output rate to approximately 700 – 900 tons per day. This production is in addition to the production from the mill described above.

[just-the-facts]

As an FYI, I was told that 1 ton of concentrate is approx worth $1900- $2100. Simplified, but I hope this helps.

jtf