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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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Looks like the Chinese are playing games. There may be a bigger supply deficit in the rest of the world but the Chinese are okay. The prices may not go up but it is certain they won't go down. I particularly liked this quote..

"And if that means that the rest of the world is short of metal, then I think that is something the Chinese copper industry can probably live with," he says."

http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=150566&sn=Detail&pid=102055

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