Replies to post #66865 on Copper King Mining Corporation fka CPRKQ

[prestonbill]

Wow, this week has brought us to a new level and I want and need to say thanks to the Steering Committee for all their hard work for putting us at that level.

Thank you again,

Bill

[RDG013]

Thank you Chuck! This is huge news. With the Equity Committee being approved we stand a good chance of the judge seeing fit to approve DIP Financing despite the objections from those who want to and possible always wanted to wipe the company out. Basically, our hopes all hinge now on the ability of the new management to get the mill running profitably, and we will be in the money.

[AllyAustin]

Thanks so much for all your hard work, Chuck, combined with that of Frank, Scott, Carol, Lee and all who worked so diligently on the behalf of Copper King shareholders. You've certainly provided a heartbeat for this stock :)

[intel2]

This filing radically improves shareholder position.

Thank you Chuck for posting it!!!!!

We're not out of the woods yet, but we are out of the grave that had been dug for us. All the other parties must now compensate because shareholders are not going away!!.

Key quotes: "...annual net profits, or after-tax earnings, of $7,200,000.00.........that amount would make the company worth approximately $195 million dollars, a far cry from the $7 million liquidation value posited with the Court, and justification for an Official Equity Security Holders Committee to represent shareholders."

"Obviously, the capacity of the mill may be a limiting factor but if we assume it will take 5 years to produce 285,000,000 pounds of copper the Debtors will produce 57 Million pounds per year and revenue (not including silver, gold or other minerals) of $190,380,000.00. If we apply some industry standards to these numbers $190 million in revenue should produce about $34,000,000.00 in profit per year. $34 Million in profit could produce a valuation for the company in the $900 Million Dollar range. "

This is what persuaded the trustee to create an equity committee.

Our deepest thanks to Lee Abbott, the CPRKSA committee, and everyone who signed up to support CPRKSA.