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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: Copper ETF raising copper prices?
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Interesting take on the near term effect of copper ETFs on the copper prices

'In a letter to the Securities and Exchange Commission, lawyers representing the copper consumers say the impact of the ETF on the copper market would be comparable to the Sumitomo trading scandal of 1995-96, which sent prices sharply higher.'

Full article

http://www.ft.com/intl/cms/s/0/a7d32d4c-a4fb-11e1-b421-00144feabdc0.html#axzz1vjwbrS65

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