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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: Re: Rick Rule on Copper
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Jan 06, 2015 11:45AM
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Jan 06, 2015 01:49PM

Apparently there is a historical relationship between the ratio of copper to oil. Because the ratio of copper's price to oil has risen steeply it indicates a pickup in growth is expected. Apparently that was seen in 2008/09 and 2011.

To expand on this last little bit of comment. Reminded me of this video where they explained oil being the last commodiity to fall making the end of the bear market for commodities.

http://video.cnbc.com/gallery/?video=3000343381

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Jan 06, 2015 05:14PM
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