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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%)
Message: Copper ETF? Good or Bad?
The filing by investment bank JPMorgan is the first sign since mid-2011 that the exchange-traded fund, a security backed by physical metal, is likely to list.JPMorgan lodges filing to list copper ETF with NYSE
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Strong interest seen in proposed copper ETF - BlackRock  |
LONDON (REUTERS) - Investment bank JPMorgan has lodged a filing to list a copper-backed exchange-traded fund (ETF) with NYSE Euronext. J.P. Morgan Commodity ETF Services lodged a proposal to list and trade shares of JPM XF Physical Copper Trust in a filing dated April 2, 2012. The filing is the first sign since mid-2011 that the ETF, a security backed by physical metal, is likely to list. JP Morgan first lodged a filing for shares of the ETF in October 2010, the same time as a similar filing by Blackrock which alongside a tight supply backdrop helped fuel a rally in copper prices toward record highs above $10,000 a tonne in February 2011. © Thomson Reuters 2012 All rights reserved
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