Copper King Mining Corp.
(Public, PINK:CPRK)
Interestingly enough, we stumbled upon Copper King Mining (PINK:CPRK) while looking for a play during the earthquake in Chile which swept through the news-wires. Little did we know at the time the treasure we had uncovered, a company which for the first time in years could finally pick up some steam and renew that once lost shareholder value. Initially, we loved the chart, it fit the bill perfectly, however, the more we researched, the more we took notice of the overall picture. We immediately picked up the phones and contacted CPRK leading to our welcome by Director, Corporate Communications Mr. Charles A. Moskowitz. To cut the chase short, there is simply so many great aspects waiting to hit this company in the coming days / weeks, that it is simply hard to put it down on paper, thus, we decided a conference call was best in order to digest the vast potential we had unearthed on our hands. Just to put it in perspective, that’s 60.6% of the total volume going to the shorts!
Expected record production in the coming year with the newly upgraded mill set to begin in within the next few days, Pink Sheets compliance within the next 24 hours, stock buyback in the near future, higher revenues anticipated than in any prior years of existence, price per share depictions of $0.03 to $0.06, all leading up to what could be one of the greatest risk versus reward stocks we’ve ever profiled. Amazingly, despite all of this, courtesy of RegSHO data, during the last trading day there was 25,237,422 total volume, and of that, and astonishing 15,307,178 shares were shorted.
Below you will find both a transcript, as well as an audio file of our recent exclusive interview with Copper King Mining Corp.
Exclusive Interview with Copper King Mining Corp.
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A transcript copy can be downloaded and read using Adobe Reader (.pdf) – Click Here To Download The File (366KB)
About Copper King Mining Corp.
Copper King Mining Corporation is a Nevada Corporation whose stock is currently traded on the Pink Sheets under the trading symbol CPRK.PK. Through its wholly owned subsidiary Western Utah Copper Company, the company engages in mining activities that include exploration, development, extraction and processing of precious metals, including copper, silver and gold, from its extensive mineral resources located in and around the Milford Mineral Belt in Beaver County, Utah. The company owns or controls approximately 100,000 acres of mineral rights, primarily in the Milford, Utah region
The Milford Mineral Belt is a mineral rich area measuring approximately 18 miles long by 8 miles wide, of which the company controls approximately 59,000 acres of mining claims, State of Utah leases and other leases, that have been categorized as highly probable, probable, or likely for copper, silver, gold, tungsten and molybdenum.
The company also owns mining claims elsewhere in Millard and Juab Counties in the State of Utah. The company believes that the primary minerals that can be produced from these properties will be gold and copper, and the company plans to conduct exploratory drilling operations on these properties as early as late 2009 or 2010.
In addition to its mining properties, the company has constructed on property it owns in the Milford Mineral Belt a state of the art ore processing flotation mill with a capacity to process up to 5,000 tons of ore per day
The Production Mill
For further pictures, visit the company’s gallery courtesy of their website: http://wuccompany.com/gallery2/main.php
Highly experienced management team can be viewed courtesy of their website: http://wuccompany.com/corporate.html
Video Tours
For more videos, please visit: http://www.youtube.com/user/richwaters72
Note to Investors
It gives me great pleasure and not a little relief to finally be able to confirm that we have received the “fob” with which to upload the information to the Pinksheets.com website and we will be uploading that info within 24 hours. This should help to facilitate the removal of the “Stop sign” from our information page. As I have told many of you, this is only the first step in the process of making our Company transparent. I have gotten many many emails asking what tier we would be moved to, and frankly, I have answered that I am not concerned with the immediate term, but rather taking the first step of many to get us to Transparency…
Another issue that came up yesterday, via an interview on CNBC, was the statement by the CEO of United Group of Great Britain that they are seeing great demand for Iron ore….This was followed later by the statement from BHP Billiton, the industrial metals and minerals giant, that they saw a rise of 70-80% for the price of Iron ore based on continued demand. As you all know, we are in the copper business but we have several byproducts from our mining. Gold, Silver, and Magnetite… (Also known as iron ore). Our Hidden Treasure pit produces ore that is roughly 25-35% Magnetite and we believe that we can continue to mine that area at a rate of 2500 tons/day for about 14 months. The simple math says that we will produce 100,000-150,000 tons of Magnetite over our obligation to our current buyer. Assuming that the price just stays the same, this byproduct will add fairly dramatically to our revenue stream. If the price were to go up only 25-30% we could have a very nice upside surprise…
As to the Mill restart I will update you as soon as I have confirmation on that front. The parts were received and installed as expected. This should be in the next couple of days…
I have also been interviewed this evening by TheMarketFinancial.com www.themarketfinancial.com and that should also be completed and posted on their site shortly. I was also called by The Caesar Report and I expect to give them an update early next week.
Respectfully,
Charles A. Moskowitz
Director, Corporate Communications
CAM@Copperkingmining.com
617-633-2259
Technical Chart Analysis
The daily chart technical analysis can be used most often to predict the future, or what may transpire in the coming days of a stock. At first, it is important to note that the Relative Strength Index remains below the 50 level which emphasizes that the stock is highly oversold at current levels. The stock has been oversold in this area for quite some time, in fact ever since December’08, thus a reversal in this trend could take place at any time. Moving on to the full stochastics, we notice that it is also highly undervalued, however making a push above the 50 trend line, much in the shape of a “W” which has been seen in the past. What’s important is that a long-term uptrend is established, rather than a simple “dead cat” bounce which has happened many times before. MACD divergence has been laying around far too long, something needs to happen. We should see it begin to trend upwards or downwards, hopefully for newcomers it will be the latter of the two.
Now onto more interesting aspects, price per share predictions and suggested outcomes. Firstly, yes we are engaged in a bullish run due to the Parabolic SAR being located below the candlesticks, however, no one knows how long it will last for. Unfortunately, in the past they have been short-lived, though a massive correction is due to take place, it is impossible based on the stock’s historical makeup to predict when and how. It is indeed highly oversold as seen by the many red bars engulfing the volume throughout the past few months, further paving the way for that ellusive turn around.
There is major resistance at the $0.003 which is the 50DMA that should see a test in the coming days. Things can, however, get real interesting should it break that point and make a move towards the $0.008. That would set off a lot of scanners and make for a dramatic rebound in price per share which would satisfy many investors that have suffered from the recent drop in shareholder value.
The Money Flow Index (MFI) further depicts that a lot of money has been going out of the stock, and this is usually an indication of a highly undervalued stock. There is plenty of room for it to grow as seen in August, September, November and February. Moreover, the Williams %R is an additional stochastic technical analysts like to analyze in order to further confirm the trends. In this case, it is clear that there is an outside force caused by short sellers which will eventually get covered and cause a huge pop in the stock’s price.
Disclosure: Long CPRK
The thought of producing lots of copper is great but the oxide ore is what we are talk about. What WESTERN UTAH COPPER is not tell you is they haven’t recovered copper because it not sulfide ore. Oxide does not float and the mill is not set up to handle the process.
What ever happened with these guys?
If you have and answer please email me at WaltS @ TheHearingFix.com
(PINK: CPRK) had some great push behind it but it just never seemed to take off. Great research though! Keep up the good work.
yes you are!