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Copper King Mining Corporation
website:
thecopperkings.com
1/7/08 We have our first glimpse of company assets and they are good!
CPRK(0.14)Copper King Mining Corporation Finalizes Purchase of 62 Claims
CPRK NEWS:
Wednesday December 19, 2007 2:34 pm ET
Copper King Mining Corporation Begins Trading Today
SALT LAKE CITY--(BUSINESS WIRE)--Copper King Mining Corporation (Pink Sheets:CPRK - News) (formerly International Broadcasting Corp.) is pleased to announce that trading under the new name and symbol began today.
biz.yahoo.com
Thursday December 20, 2007 9:30 am ET
Copper King Mining Corporation Prepares to Purchase Claims
SALT LAKE CITY--(BUSINESS WIRE)--Copper King Mining Corporation (Pink Sheets: CPRK - News) is pleased to announce that the company has entered into a purchase contract for several mining claims in Utah. The claims are patent deed claims and some date back as far as the late 1800s and early 1900s.
biz.yahoo.com
Monday, January 07 2008 11:13 AM, EST Business Wire "US Press Releases "
SALT LAKE CITY --(BUSINESS WIRE)--
Copper King Mining Corporation (Pink Sheets: CPRK) is pleased to announce that company President Dwaine Allred has signed the final agreement to transfer the ownership of 62 patented mining claims into the name of Copper King Mining Corporation .
The claims total +/- 1,100 acres and the company was issued title insurance on the deeds. The policy shows a clear chain of title of both the land and mineral rights.
Mr. Allred was quoted as saying, "This is a great day for our company, the simple fact that the title to these claims is now transferred to us and insured is a great asset to Copper King. The value of this area has long been overlooked, and we are excited to be the ones to rediscover it. This area was originally mined in the late 1800s and produced considerable gold. The copper was just left as most people were interested in gold back in those days. This area just sort of fell through the cracks in the 20th century, and we were lucky enough to get it."
biz.yahoo.com
Thursday January 10, 2008 1:06 pm ET
Copper King Mining Corporation Files for 6 More Claims
SALT LAKE CITY--(BUSINESS WIRE)--Copper King Mining (Pink Sheets: CPRK - News) Corporation is pleased to announce that the company has made application under a third party name for 6 more mining claims in adjoining areas to their already patent deeded claims.
biz.yahoo.com
Monday, January 15 2008 Copper King Mining Corporation Signs Letter of Intent to Acquire Western Utah Copper Company
Copper King Mining Corporation (Pink Sheets: CPRK) is pleased to announce that the company has entered into a letter of intent to purchase 100% of Western Utah Copper Company which is located in Milford, Utah. The strength of the transaction is based on a combination of factors which will bring the two companies together and provide for a change of management and board of directors to Copper King Mining Corporation.
biz.yahoo.com
About WUC:
westernutahcopper.com
westernutahcopper.com
Production is expected to start June 1, 2007. Initial capital investment in the amount of $55 million will be used to build a Production Mill, Solvent-Extraction Electrowin, Vat Leach, Leach Pad and Natural Gas Cogeneration Power Plant, extraction equipment and transportation infrastructure.
Production Cost and transportation is expected to be less than 30% of the gross revenue from product sales.
It is estimated that with current proven reserves WUCC could process 2400 tons or ore per day for approximately 10 years producing almost $282,100 per day of revenue or $102,966,500 annually. Of course, proven reserves are a small fraction of what is believed to be in the Milford Mineral Belt. Drilling continues to prove more reserves daily increasing the amount of proven resources and profit expectations.
WUCC owns or controls more than 100,000 acres of mineral properties, real estate, and other assets in Beaver County, Juab County and Millard County, Utah.
Its holdings include a vast number of mining claims, land leases and mining rights described as the Millford Mineral Belt. It is 18 miles long and 8 miles wide. The principal metals include Copper, Silver, Gold, Tungsten and Molybdenum. Among its assets are also buildings and mining equipment.
Mineral Extraction
Over the next five years, WUCC is projected to extract:
• 230,200,000 lbs. Copper
• 115,100 ounces Gold
• 11,510,000 ounces Silver
Based upon current market prices, the value of these minerals would be:
$736,640,000 Copper
$77,117,000 Gold
$126,610,000 Silver
Moderator's note:
As of 1/10/08 the Stock Talk Live Website has been updated and states they are in fact being publicly traded under CPRK. At this time, we know CPRK holds the rights to the 62 mining claims and still holds the rights to Stock Talk Live.
Still no word on the exact details of the name change in December. We do know that Darrell remains as a board member and Dwaine Allred is now President. As far as stock structure, such as restricted shares, there has been no update on the changes since the name change.
CPRK Charts:
Thank you, Merci
Courtesy of Fringe_Remnant
Other CPRK Noteables:
CPRK A+ on SEASONALITY STOCK REPORTS List!
siliconinvestor.com
CRAMER BULLISH ON COPPER, HE MENTIONS MOLY TOO..CPRK HAS DE MOLY
cnbc.com
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