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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: Copper doldrums
7
Apr 13, 2015 05:17PM
6
Apr 13, 2015 05:35PM

I hate to be perceived as negative but I refuse to stick my head in the sand when our reality has been so bleak for the past few years.

I agree, but the situation is slippery. Every day the story changes. This will cheer you up.

Today, for example, the Pentagon has come out with a report talking about their military needs and say this, That’s six metals and minerals with little in common, except for one thing: All are by-products of copper mining. Copper – like nickel and zinc – is a kind of gateway metal, providing access to other elements present in concentrations too minor to mine in their own right. Close the door on copper production, and you’re making a difficult situation far worse for national defense planners tasked with securing reliable supplies of critical metals. Given that every crisis is a come-as-you-are event – your options are only as strong as your prior planning – failure today to provide reliable sources of supply will translate into battlefield loses in some unwished-for future.

But as the new Pentagon report makes clear, domestic copper production is critically important. By weight, copper remains the second most widely used material in weapons platforms, and as a previous Department of Defense report indicates, the inability to source copper has already resulted in a “significant weapon system production delay for DoD."

We have some domestic copper production for sale when we finisht the PEA on VD.

--http://thehill.com/blogs/congress-blog/homeland-security/238483-got-copper-new-pentagon-report-spotlights-key-role-of

3
Apr 13, 2015 06:09PM
6
Apr 13, 2015 06:41PM
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