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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: Copper still hot for Acquisitions

The Globe has an article titled: Copper the place to be for acquisitions

"Copper miners such as Inmet Mining and First Quantum Minerals have been savaged this week on the Toronto Stock Exchange in part because of concern that China’s growth is slowing, which might eat into the fundamentals of the copper market. Copper fell to a two-week low in the wake of China cutting its growth forecast.

Miners, however are still bullish on copper and looking to add production. That means copper’s run of big mergers and acquisitions seems likely to continue.

Mitsui & Co. of Japan is looking for copper production in South America, and is seeking production of about 120,000 tons a year. Poland’s KGHM Polska Miedz SA, which just bought Canada’s Quadra-FNX, says it needs another acquisition to reach its 2018 target of copper production. And Minmetals Resources Inc., which has already made a big copper deal of late, said it’s looking to make a purchase a year as it grows. Copper is one of the metals its targeting."

http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/copper-the-place-to-be-for-acquisitions/article2360365/

P.S. Thanks for the kind words re status update. Only wish they had a more girly suit and tie, or am I being sexist?

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