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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: CIC
Icon president CIC
13
Apr 23, 2012 11:55PM

CIC's bankroll is the sort of thing I like to follow. This is one of the vehicles the central bank of China will use to go out and buy resources. They need to convert as much dollars into hard assets as possible. This is the sort of news that makes a 3-5 billion dollar investment into one of the most promising mining districts in the world look like a drop in the bucket. This is the level the Chinese are playing at now. They use other vehicles for energy and precious metals. Great angle to follow indeed.


Apr 24, 2012 09:09AM
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