I have been doing a fair bit of reading at the moment on mining jurisdictions and cannot help having the feeling that the value of Schaft Creek being located in Canada is hugely underappreciated. Just finished reading the article below on FCX and there was no mention of Indonesia's new 49% foreign ownership rule. This is surely a huge deal for FCX and any mining companies in the area. This follows bad news from Australia, Argentina, South Africa and Zimbabwe to name just a few.

I have read all the valuations with interest from various posters on this board but never see the juridiction taken into account. So, can anyone give a realistic valuation for having this huge deposit in miner friendly Canada? It has got to have a premium over similiar deposits all over the world.

GLTA

bbay

An excerpt from an article on FCX showing more good news for copper

'As a whole, total reported inventories of refined copper declined globally by 380,000 tons in 2011, while demand rose 5.1%. As a result, the supply/demand imbalance in the copper market is expected to persist for at least another year, as current production remains insufficient to cover demand despite slowing global economic growth.

With copper already in tight supply, further disruptions to copper production could mean the metal will be bid higher.'

Full article as follows

http://seekingalpha.com/article/424781-freeport-mcmoran-remains-a-premier-bet-on-copper-s-rise?source=email_macro_view&ifp=0