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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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Message: Re: Metals Storage Issues

Feb 02, 2012 07:27PM

You know who does have a copper storage issue? The LME.
The copper stockpiles are dwindling which I think is going to force a bullish run on copper very likely over the next 6 months to year.

Check out the warehouse levels below. The 6-month and 1-year chart are really quite impressive.

http://www.kitcometals.com/charts/copper_historical_large.html#lmestocks_6months


Feb 03, 2012 07:38AM
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