VANCOUVER, BC / ACCESSWIRE / December 22, 2015 / With calendar year 2015 coming to a close, we wanted to update those following CopperBank with a status report. The company commenced trading on November 7, 2014 with the vision of aggregating undervalued copper exploration and development assets in politically safe jurisdictions. Our initial portfolio of projects consist of: the pre-feasibility level Contact Copper project located in Elko County Nevada, and the Pyramid Deposit and San Diego Bay projects, located 7 km's apart, near tidewater in southwest Alaska.
CopperBank's mission statement is simple: offer global investors maximum optionality to future copper prices as a "pounds in the ground" strategy. Being the single largest shareholder of the company, I can assure all of our shareholders that we are hyper aware of dilution that does not accretively increase our value per share. This is how we aim to increase shareholder value in 2016, and beyond:
1. Manage CopperBank like owner-operators by maintaining appropriate part-time staffing levels for our holding strategy, thus incurring low overhead expenses;
2. Acquire high quality projects that have had meaningful historical expenditures with exploration upside;
3. Vehemently protect the value per share by never being exposed to mandatory work programs, and in turn uncontrollable dilution;
4. Target projects must be well situated in politically safe and stable jurisdictions with strong and vibrant mining industries, i.e. areas that would be more attractive to major mining companies in stronger markets; and
5. Unlock the value in our current portfolio, by reviewing royalty and joint venture opportunities and strategic co-operations with our network of Senior Copper Mining Executives.
The current bear market in commodities has put near all-time low valuations on high quality projects - sometimes trading at pennies on the dollars already invested. Our own projects would need approximately CAD $50 million simply to duplicate the drilling, engineering, metallurgy etc., not to mention the cost in time and staffing levels that was needed to accomplish all of these vital studies.
CopperBank is well positioned to acquire additional projects that adhere to our mission statement, and we are working diligently toward that goal. During 2015, the Company reviewed many advanced copper exploration and development assets, the majority of which did not meet our criteria for investment. In particular, we cannot stress enough that potential acquisitions should offer a comparable value per share for CopperBank shareholders. We feel it is very important to highlight that with our current asset base we are well hedged if market conditions improve, or, in the event the sector continues to slump, we are relentlessly reviewing accretive acquisition opportunities. Readers are encouraged to download CopperBank's investor presentation from our website www.copperbankcorp.com so that they can have a better understanding of our current assets, on a value per share basis, and review some of our near-term value drivers. It should also be noted, that CopperBank has had some of the highest percentage of insider buying of any publicly listed company in Canada through 2015. We are fully aligned with our shareholders as owner-operators.
During 2015 the company obtained valuable and cost effective co-listings in USD terms with our OTC Markets symbol "CPPKF", and in Euro dollar terms with our Frankfurt Boerse symbol "9CP", to complement our home listing on the Canadian Stock Exchange, under symbol "CBK".
Finally, an important note on how CopperBank's management is going to enhance the Company's brand, profile and message in our listed markets: As Executive Chairman of the company, I am strictly focused on continuing to introduce new investors to our very unique, dilution conscious business model so badly needed during these challenged market conditions. To help accomplish this with greater impact, I will be embarking on a one-of-a-kind continent-wide education tour. On top of being a featured speaker at most industry related conferences in 2016, my new book, a novel about copper's increased role in the changing energy mix, is finally being released across North America on February 9, 2016. For my recently announced book tour, I will drive a Tesla Model S from Toronto to Palo Alto, California, from March 10, 2016 to early May, intersecting 32 cities. Interested parties can follow the tour on my Twitter handle @RealisticEnviro or under the "Investors" area of CopperBank's website.
On behalf of CopperBank Resources Corp.
"Gianni Kovacevic"
Executive Chairman
Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Tel: 604-889-0852
E-mail: gk@copperbankcorp.com
Website: www.copperbankcorp.com
SOURCE: CopperBank Resources Corp.
