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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: Codelco's century-old copper mines
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Interesting article about the amount of cash that Codelco's mine need to stay producing.

The graph showing "Codelco's Narrowing Profit Magin" is interestig in that it is showing their costs in 2013 is now between $2.50 and $3.00. Not a lot of room for error when the copper price is about $3.08.

http://www.bloomberg.com/news/2014-09-21/century-old-copper-mines-spur-effort-to-preserve-codelco.html

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