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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: Reuters on Copper Banking
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Interesting video on copper stockpiles in China. Potential for a half million tonnes of copper to come on the market. Bad for copper prices? Well, no, not really

'Actually I just looked and it represents less than 4% of annual global production or about 10% of annual Chinese imports. '

Thanks to Tim on the MF boards for the above.

http://www.reuters.com/video/2012/03/27/the-real-story-behind-shanghais-copper-s?videoId=232465376&view=232465376&sp=1003&refresh=true

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