San Diego, CA 7/8/2009 8:05:31 PM
Copper King's on the Commodity Launch Pad
Copper King's (CPRK) tentative agreement with RBS Sempra Metals & Concentrates, LLC Makes the Stock a Commodity Reinflation Play
Copper King Mining Corporation and its wholly-owned subsidiary, Western Utah Copper Company, recently announced that the company has entered into a tentative agreement with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of Scotland PLC, to sell 100% of the copper concentrates produced at the WUCC Milford project. When fully executed, this agreement will replace any other prior sales agreements relating to Copper King's copper ores or concentrates.
An analysis of Copper King Mining Corporation and the commodity business in general has suggested CPRK shares as part of a 'Commodity Reinflation Portfolio'. Copper King is apt to benefit from a surge in infrastructure (stimulus) spending. Prices for copper are up 44% from the low hit in December, indicative of the growing demand. China's refined-copper imports soared 99% in February compared to a year ago.
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About Copper King
Copper King Mining Corporation (Pinksheets:CPRK) controls over 59,000 acres of advanced-stage and development-stage mineralized acreage in Western Beaver County, Utah. The Company is ramping up production at a 5,000 ton per day capacity flotation mill for processing high-grade ores from its Hidden Treasure copper-gold-silver mine and other controlled properties under its control. Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Source: Small Cap Network
http://community.smallcapnetwork.com/Small-Cap-Commodities-Ready-to-Reinflate/s/article/view/p/mid/1/id/132/
