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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: Xstrata’s Davis, Reid plan mine fund after Glencore deal

http://www.mineweb.com/mineweb/content/en/mineweb-mining-finance-investment-old?oid=181293&sn=Detail

The fund would probably buy the undeveloped resources that major mining companies are looking to sell, the people said, asking not to be identified before a public announcement.

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