Chakana Copper (PERU) - Long-Awaited Permit Catalyst Imminent says CEO
Matthew Gordon, Ptolemy Capital
7 Months ago
Chakana Copper is a single-asset Canadian-based copper-gold-silver advanced exploration company that excited investors at first, but a protracted Peruvian permitting process has caused a gradually declining share price and invoked frustrated investor sentiment.
Kelley says the permit will finally be over the line in 4-6 weeks, and a 15,000m drill programme on breccia pipes could be a key value-creating catalyst. A larger porphyry system may lie beneath. Investors will certainly be hoping so. The copper-gold-silver grades are highly impressive, and the company is aiming for a resource size of 10Mt.
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