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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: M&A news- Lundin buys Josemaria resources for 625 million

Both projects seem very similar in terms of scale.  SC has a clear advantage in terms of jurisdiction and C1 cost.

IMO, pretty good deal for Lundin. To build a mine, one needs a lot ressources (cash, credit, workforce, expertise, etc.).  I feel that JoseMaria shareholders got squeezed against the wall.

Good thing that our arrangement with Teck protects us from the above.

MoneyK

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