Replies to post #60602 on Copper King Mining Corporation fka CPRKQ

[ValueValueValue]

Cool, thanks. I'll update.

[CDL]

FFF, what are your views on the production numbers that CAM gave on the show?

I believe he is being super conservative due to the problems over the last year.

As Dave McMullin stated Hidden Treasure contains 1.7% copper.
Therefore ore input of 2250 tonnes per day will contain 38.25 tonnes of 100% copper. Which is 84,150 pounds.

CAM stated that at this input the amount of concentration produced will be 25 tonnes. Lets assume that this contains 30% copper (as per previous numbers from the mill). Therefore this is 7.5 tonnes of 100% copper which is 16,500 pounds.

Therefore the flotation process is only extracting 19.61% of the copper in the ore.

Originally i heard the number they were shooting for was between 60-65% with a further 30% being extracted from the copper tailings by the SX/EW or cementation process. Therefore extracting about 90-95% of the copper in the ore.

So at an ore input of 2250 tonnes, the flotation mill should produce about 75 tonnes of Concentrate at 30% copper. Triple the 25 tonnes figure stated.

I suspect Charles is following his principle of under promising and over delivering. Which i can understand but i think there is serious upside. Thoughts?

EDIT: imagine what the figures will be with 3375 tonnes of ore input.

[Lucky_1]

Do we have any details on the Massey contract? I'd like to know how many years the company is required to sell at this discounted rate.

-Lucky

[Johnny4profits]

If I missed a follow-up, apologies. But I was under the impression that the contract was for one year at the $40 rate and then went to market value.

Is this right or wrong?

[marc_1958]

FFF, I just got done reading some of your posts and it was also my understanding last year that the Massey contract was for the first 75K @ 16.50 a ton at approx 0% interest. They then had the first rights to the mag above and beyond that at fair market price. To me it seems to say that they have a buyer for all that they can produce. It could pay off that loan a lot sooner then anticipated. IMO