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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: Las Bambas sold
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Maybe we're going to enjoy a nice week given this news.

“This shows you that Chinese companies still really believe in China. Westerners are overreacting to the lower economic growth,” said John Gravelle, mining leader with consultancy firm PricewaterhouseCoopers LLC.

Call me a cynic but I wonder how much of this overreaction was deliberately planned.

Even if SC is valued at half the value of Las Bambas, so $3 billion, then our share would be worth about 750M or about $1.80/share. (I think, someone needs to check my deplorable math.)

We've got an equivalent amount of copper but only at .44% compared to their .75%. But, we have all that extra waste rock. But they are nearly built and have permits. But our Capex is $3.2B vs their $5.9B.

--http://www.theglobeandmail.com/report-on-business/international-business/las-bambas-sold-to-chinese-investors/article17952022/

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