Re: wtf... Copper at $3.43 all is well
in response to
by
posted on
Nov 09, 2012 12:47PM
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%)
Tonic as pointed out by someone earlier, I'm pretty sure if copper prices, spot or otherwise, dropped 33% (your math) so quickly, it would make headlines everywhere.
I can't explain why Kitco shows that much of a drop on spot, yet other sites show differing results for futures, but my gut feeling is not to worry until multiple sources have the SAME message.
Just my opinion.