Company Overview

Copper King Mine was rediscovered in 2007 by Wilf Blum, Dee Allred and Jack Rasmussen. The mine was originally deeded in 1937, at which time 65,000 ounces of gold were mined from the area.

The mine in the Drum Mountains area of Utah consists of 62 claims filed and recorded in Juab and Millard counties, as the claims straddle the counties' borders. The claims were patent-deeded and the deeds were purchased by Copper King Mining Inc., a Utah corporation, which shows Dee Allred as the only shareholder at this time. The company has recently added another 6 claims to their holdings.

Upon discovery of the ore bodies in the mining area, Allred had assays performed and contracted a company in Orem, Utah who provided geological survey work on the area.

George Harris, a senior geologist with Bullion Monarch Mining, a Utah consulting and mining firm, was contacted and spent several days going over the site. The site consists of several volcanic out-croppings and old mine shafts that have very large bodies of ore associated with them. The ore consists of copper, silver, and gold, plus several trace minerals of value.

The company has plans to do a sonogram survey of the area. Based on those results, the company plans to do a drilling program to prove reserves.

Copper King recently acquired Western Utah Copper Company and after a drilling program, they will plan how to begin mining the combined 2300 acres in the Drum Mountains area.

Copper King currently has a copper milling facility and copper strip mining operation under construction in the Milford, Utah area. Copper King has plans to begin mining operations between April and June, 2008.

Copper King owns or controls more than 100,000 acres of mineral properties, real estate, and other assets in Beaver County, Juab County and Millard County, Utah.

Its holdings include a vast number of mining claims, land leases and mining rights described as the Milford Mineral Belt. It is 18 miles long and 8 miles wide. The principal metals include Copper, Silver, Gold, Tungsten and Molybdenum. Among its assets are also buildings, mining equipment and the new copper milling facility.

Copper King Future Brighter after Acquisition of Western Utah Copper Company

Copper King Mining recently acquired Western Utah Copper Company. The merged company will continue to be called Copper King Mining and the two minining operations combined are poised to become a huge money making mining machine in the coming months and years, with proven Gold, Silver, Copper, Tungsten and Molybdenum reserves with more reserved being identified all the time.

In early January, Copper King Mining Finalized the Purchase of 62 patent deeded mining claims in the Drum Mountains of Utah. These 62 mining claims were originally mined in the late 1800s and produced considerable gold. The copper was just left as most people were interested only in gold back in those days. This area just sort of fell through the cracks in the 20th century, and with new mining and ore extraction technologies, these existing claims can yield excellent precious metal production rates.

On January 10th, Copper King also announced that applications had been made for 6 more mining claims in adjoining areas to their already patent deeded claims, bringing their total to 68 a claims on 1200 acres and now, post merger, Copper King has added 1100 more contiguous acres of claims to it's existing 1200 acres for a total of 2300 acres in the Utah Drum Mountain area. These claims in the Drum Mountain area are primarily gold bearing mining claims with some copper and other precious metals.

With the addition of the Western Utah Copper Company assets, equipemtn and claims, the company now holds approximately 100,000 acres of mining claims in total and a complete line of Caterpillar Mining equipment including their own processing mill which is near completion at their mine in their Hidden Treasure mine in Milford, UT. The mill at the Hidden Treasure mine in Milford is around 100 miles south of the Drum Mountain mining area upon its completion is expected to process 2500 tons of ore per day, recovering 50-65,000 pounds of Copper per day plus Gold and Silver. The property's mineralization consists of Gold, Silver, Copper and other metals such as Tungsten and Molybdenum.

Copper King currently employs upwards of 60 people including geologists, engineers, management, construction personnel and miners. The company is currently removing overburden from the ore body on several acres of their Hidden Treasure mining property. The company has removed a combined 1,600,000 tons of over burden and ore, and has stock piled 200,000 tons of ore in preparation of the completed mill which should begin operations in April or May of this year.

Mr. Mark Dotson, previously of Western Utah Copper Company, is now the President and CEO of Copper King Mining Corporation. Mr. Dwaine Allred stepped aside with the merger and is now a member of the board of directors.

Conversation with Mark Dotson, CEO

I was curious to know more about the new Copper King Mining Corporation so I picked up the phone and recently spoke to Mark Dotson, CEO. We spoke for a while and he was very open about answering my questions. A summary of our conversation is shown below:

Mr. Dotson confirmed that the company's mill operations and ore processing facility would be online and processing ore between April and June of this year, and the company already has around 200,000 tons of ore ready to be processed.

According to Mr. Dotson, "The ore at the Hidden Treasure mine we are currently mining runs approximately 36 pounds of copper per ton of ore. Historically the ore runs 0.01 opt gold per each unit of copper in the ore. A unit of copper is equal to 1% and 1% is equal to 20 pounds per ton, or 1% of 2,000 pounds, which is 20. The ore at our mine is about 1.8% copper so the gold historically was about 0.015 opt gold per ton of ore. It should be noted that most of larger copper deposits currently being mined world wide is less that 12 pounds of copper per ton of ore, and the copper in the Hidden Treasure mine will run around 36 lbs. copper per ton. So you can see the ore grades at our mine are much richer than most. Many of the copper deposits in the world do not have any gold or silver with them at all but we have significant gold and silver deposits. In addition to the gold and silver many of our ore bodies contain tungsten and molybedum.

Anticipated Mineral Extraction Rates

Currently, Copper King Mining Corporation is developing the Milford Mineral Belt which is made up of approximately 59,000 acres of mining claims which are proven, highly probable, probable, or likely.

The Milford Mineral Belt is a geologic setting very typical of porphyry copper mega districts. The Milford district lies within an east trending belt of altered quartz monzonite, quartz monzonite porphyry, granodiorite, as well as altered andesites, diorites, and other typical volcanic associated with Porphyry copper mineralization.

Copper King's holdings include a vast number of mining claims, land leases and mining rights described as the Millford Mineral Belt. It is 18 miles long and 8 miles wide. The principal metals include Copper, Silver, Gold, Tungsten and Molybdenum. Among the company's assets are also buildings, mining equipment and a new milling facility that will be operational in the April to June 2008 timeframe.

It is estimated that with current proven reserves Copper King could process 2400 tons or ore per day for approximately 10 years producing almost $282,100 per day of revenue or $102,966,500 annually. Of course, proven reserves are a small fraction of what is believed to be in the Milford Mineral Belt. Drilling continues to prove more reserves daily increasing the amount of proven resources and profit expectations.

Investment Summary:

Given the milling capacity that is coming online in the very near future at Copper King with the recent acquisition with Western Utah Copper Company, and the proven copper and gold reserves that the combined companies possess, the Copper King Mining Corporation is poised to become a money making machine. Gold prices on the spot market are hovering just under $1000 per oz. and is up more than $100 per ounce in the last 45 days. In early 2008 gold broke through it's 26 year high of $850 per oz. reached way back in 1981. Copper is right now around $3.85 USD/lb and is up from $3.17 USD/lb.45 days ago and has recently blown through its 2 year high of around $3.70 USD/lb. Five years ago copper was less than $1.00 USD/lb. so it is a valuable metal and Copper King Mining should do very well from it's copper production. Silver also is up nearly 25% since the beginning of 2008 to more than $20 per oz. right now.

According to CEO, Mark Dotson, "We are sitting on a "Sea" of copper and large amounts of gold, silver and other precious metals in our multiple locations. We are only limited by the logistics of people, equipment, and hours in a day as to what our mines and properties can produce."

We believe that CPRK is a hugely undervalued stock at $.093. With 281M shares outstanding the market cap on the stock right now is around $26M. It is estimated that with current proven reserves Copper King could process 2400 tons or ore per day for approximately 10 years producing conservatively $282,100 per day of revenue or $102,966,500 annually or more than $1B in revenue over the next 10 years. A market cap of $26M is truely absurd for this stock.

We also truely believe that CPRK will be a home run stock for investors getting in for the long term at this price level. And we don't think you will have to sit around for the next 10 years to realize a huge return on your investment. I think it is highly likely that Copper King will be bought out by a much bigger mining concern such as Neumont Mining at some point offering a big premuim for stock in a buyout. That could quite conceiveably happen in the next year with all the proven reserves that the company is sitting on. I could see a buyout in the hundreds of millions of dollars happening. Just say it a buyout offer was for $300M, that would be more than 10X the current market cap for the stock and would put the value of the stock with current outstanding shares at over $1 per share.

You probably won't find a better value on any pinksheets stock than you will find with CPRK at this share price level. This is, in our opinion, as close as you can get to a "No Brainer" buy and hold microcap stock pick. Things take time and this stock's rise might not happen overnight, but whether they stay independent and pump out $1B in projected revenues over the next 5 years, or whether they get bought out by a bigger mining operation, shareholders of CPRK should be richly rewarded either way.