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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 Bulls

Looks like the Copper bulls are in the majority at the end of LME week. Though judging by the difference of opinions on the other commodities, I am not sure any of them know what is happening. Still, it is nice to see that there is optimism in the market for copper

'Posted: Sunday , 21 Oct 2012

LONDON (BLOOMBERG) -

Copper traders who a week ago were the most bearish in four months are now the most bullish in a year after economic reports signalled accelerating growth from China to the U.S.

Seventeen analysts surveyed by Bloomberg said they expect prices to gain next week and four were bearish. A further three were neutral, making the proportion of bulls the highest since October 2011. They were the most negative since June 1 last week. Hedge funds' bets on a rally are near the biggest in 14 months, U.S. Commodity Futures Trading Commission data show..'

http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=160581&sn=Detail&pid=102055

good luck

bbay

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