Friday, December 21, 2012

Curis Resources (PCCRF) and Copper

Curis Resources (PCCRF / CUV.TO) is part of the Hunter Dickinson family of companies.  Curis wants to mine copper in Arizona.  Let's see what they're doing about that.

They're pursuing a novel approach to copper recovery from their Florence Copper project in Arizona.  They plan to use in-situ water injection into wells that will force copper-laden solutions to the surface for processing.  Photos of the site show sufficient infrastructure in place (water, power, roads).  This may very well be the most environmentally benign mining operation I've seen in several years of examining junior mining companies.

The headache I often have with these types of companies is with the way they structure their project.  They bury the project information so deep in the Florence Copper website that it's difficult to identify the management team or ascertain whether there's a 43-101 report with proven and probable resources.  That means I can't pass judgment on whether this copper project can live up to whatever potential it may have until I find those items.  I also can't find any SEC filings for Curis Resources, which is odd for a publicly traded company.  Let's see some verifiable facts besides the typical brochure stuff.

Full disclosure:  No position in Curis Resources at this time.