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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: Price of Copper
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Mar 23, 2015 02:46PM
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Mar 23, 2015 03:55PM

I have a difficult time thinking that our rise of more than 100% has to do with the price of copper going up over the last couple of weeks. Copper has been more than $3/pound for most of the last 5 years, and right now, we're still another 10% rise away from that price. A year ago, copper was at $3.25 and our stock was in the low 20 cent range. I just don't see much correlation there.

I do think the outlook on copper is changing and we'll see further strength, but I just don't buy that our volume and rise in price has much to do with commodities prices. I can see teck buying a producing mine to meet short term needs, but they need to think long term and about developing properties that will give them sustained output in the years ahead.

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