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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: Peru Mining……….
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  • A little-known socialist teacher, Pedro Castillo, appears headed for victoryover his conservative rival, Keiko Fujimori, in Peru's presidential election. During his campaign Castillo pledged to sharply hike taxes on mining -- Peru is the world's second largest copper producer -- to pay for social spending, and redraft the constitution to give the government more muscle in running the economy. 
  • Castillo has also hinted at potential land reforms. That has spread fear among Lima's small but powerful urban elite, who overwhelmingly voted for Fujimori. "All of my friends have taken their money abroad, I don't know anybody who hasn't withdrawn their money," said an attorney who serves on the boards of several large corporations and had also withdrawn funds. "I wouldn't keep any money in Peru, not a penny," he added. 
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