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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: Goldman Sees Copper Price Breakout - Risk of Extreme Scarcity

"Extreme scarcity..."
"In the report Goldman reiterated its bullish forecast for copper to average $11,875 a tonne ($5.40/lbs) in 2021, rising steadily to $15,000 ($6.80/lbs) during 2025."   

This is really good news for our future net worth, but I fear that this is really bad news for our patience.  I can only imagine what Ernesto is thinking when he reads these forecasts.  There was one a few weeks ago suggesting copper by 2025 could be at $20,000 a metric tonne which is US $9/lbs. That;s nearly three times the price used in the PEA.  He has got to be thinking that it is best to slow play SC and sell after LT copper price assumption has doubled over the next couple of years.  That's a lot more than the 15% per year MK says is a threshold.

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