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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Rio is swalowing a whale in Mongolia.

They recently took control of the Oyu Tolgoi mine by acquiring a majority of the shares of Ivanho.

OT is larger than the Schaft district and 40 miles from the Chinese border.

http://www.economist.com/node/21543113

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