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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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In contrast, copper requires a slightly different analysis because resource depletion is such a big issue in the future supply scenario, and the future transition in China to the use of scrap is not as pronounced in copper as it is in the ferrous metal.

http://www.miningweekly.com/article/chinese-crude-steel-production-11bty-by-2025-bhp-billiton-2012-05-15

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