Re: Chilean copper export revenue slipped 8% to $3.583-billion in April compared wit

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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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bbay

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Re: Chilean copper export revenue slipped 8% to $3.583-billion in April compared wit

in response to

Chilean copper export revenue slipped 8% to $3.583-billion in April compared wit

cuuvette350

posted on May 08, 2012 09:20AM

Interesting article on backwardation as a result of dropping copper stock levels. I hope Teck have moved before it affects us but seems to be bullish for copper prices. Historically, backwardation has led to higher copper prices.

http://seekingalpha.com/article/565341-copper-turns-to-backwardation-prices-poised-to-rise?source=email_macro_view&ifp=0