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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: Huh! Where did that copper market surplus go?
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This article does a good job of talking about the continual mystery of the missing copper inventory surplus for 2014. They are now finally projecting a deficit for this year. Of course, they are still projecting a suplus for 2015.

http://www.reuters.com/article/2014/10/31/us-copper-markets-home-idUSKBN0IJ29T20141031

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