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Comments about ‘Risky venture: Copper mining in Milford brimming with high hopes, fears of failure’

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'Potential payoff is huge' if mineral can be extracted, investors believe

Published: Sunday, July 3 2011 3:43 p.m. MDT

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Lee Abbott
MIDVALE, UT

To Whom it May Concern:

I was e-mailed this article by a Copper King investor a few minutes ago.

I did talk to the Deseret News briefly a couple of weeks ago and while I think the Author did a pretty decent job painting the picture of what has happened in Milford and with the copper project, I am concerned that some readers may draw inaccurate conclusions from the article particularly the parts where I and a geologist are quoted.

(Continued below)

Lee Abbott
MIDVALE, UT

(Continued)

While it is true that we have spent a lot of time and money researching old reports, gathering data, studying geology, studying the minerals, trying to understand the ore bodies, looking at engineering options, etc. WE CANNOT AND WILL NOT ALLUDE TO ANY POTENTIAL VALUE.

Despite all of our studies we still cannot say with a high degree of confidence that any of the deposits can be mined profitably. Besides I am NOT a miner, nor a geologist, nor an engineer therefore I am NOT qualified to make any statement concerning Potential Value.

The Copper King/Western Utah Copper operation has been and continues to be an EXTREMELY RISKY venture.

Thanks
Lee Abbott

timpClimber
Provo, UT

Mr. Abbot is to be commended for his straight talk. As my grandpa used to say, "Got 20 shares in the Nephite Dream Mine, too bad I don't have a hundred more. Then I could have papered the outhouse."

MPeace
Provo, Utah

Reviewing this-
This is not a risky venture. The dopey under-funded startup plan without metallurgical and assay labs budgeted in the plan, which if Kennecott left them out would cause even Kennecott to fail, is the thing that made this whole thing risky. The Bean Counters and Operations need constant immediate (one hour) data to maintain proper process operation. A complete from Flourine to Uranium Calibrated Flourescence X-Ray analysis of all materials while in operation is warranted. This complete analysis of all materials in all claimed areas is also warranted. All previous studies of this area left this total analysis out because of cost. Modern XRF makes it cheap. Operations should get smart! This is basically a "New" area! Then the "Technicals" can make wise decisions.

The Bankruptcy Court and associated attorneys are doing a good job on this company to appoint an Equity Holders Committee at the request of the CPRK Shareholders Association Steering Committee.

It's Amazing the SEC didn't step in earlier!

With the probable price the stock currently is in this operation, providing the Court keeps the operation going -wisdom says buy.

MPeace
Provo, Utah

On further examination- of the geological reports by Tetra Tech and Hatch personnel, it appears that the considerable overburden between mines has not been considered for its potential use as cut building stone tile and countertops, and the like.

Instead of destruction by blasting of good potential stone material overburden, - which in good metamorphosed by igneous activity areas like this one -is usually excellent - Planners should consider removal of all solid material by Stone Quarry saw cutting methods around the orebodies.

There should be much good highly polishable material in this area for this purpose. This would add extra production income from what should be beautiful material, rather than having it destroyed.

MPeace
Provo, Utah

I immagine mine planners would think stone cutting type quarrying to be slow, and not able to keep up with a mining operations' pace, but with modern Quarrying methods, it can outpace any mining operation in existence. Limestone and limestone dolomite marble cuts very fast. Skarn waste is slower, but still fast enough. Monzonite looks like granite and is not slow cutting either.

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