Skepitcal
in response to
by
posted on
Mar 11, 2013 05:40PM
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%)
Ya JayJ,
We have all become contrarian holding CUU while the market is selling off. The good news is that mainstream media is printing that the future of copper is looking bleak which is usually a sign things are goin to turn.
Shipping rates (BDI) seem to be coming back a bit again so things might be starting to pick up. Could start to see some re-stocking. Another 60 days putting Schaft Creek into prodcution may look like a pretty good idea. Right now the market thinks there is no way it is going to happen.
The sky is falling you know.