$RITE news out !!! MineralRite Copper Project Exp
Post# of 102250
$RITE news out !!!
MineralRite Copper Project Expected to Ship First 100 Ton in June
LINDON, Utah, June 10, 2013 /PRNewswire/ -- MineralRite Corporation (OTCQB: "RITE") is pleased to provide an update on its Copper processing project in Chiapas, Mexico.
MineralRite has been informed by CSI, its managing partner in Mexico, that all necessary equipment has been received and put in place to process the ore into a high-grade concentrate.
"We are extremely pleased with the progress CSI has made over the last two months with sourcing all the equipment and getting it in place to concentrate the Copper ore. We had a small delay due to weather, but we are now in the processing stage of the plans. We are expecting to sign our first sales agreement and ship in the next few weeks," said Guy Peckham, President and CEO of MineralRite. Peckham also added, "Our first 100 ton shipment should be ready to sell the last week of June. It is our intention to process and sell over 4000 tons of high-grade concentrate over the next 12 months. This concentrate in today's market will sell for approximately $2500-3000 per ton."
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