I like the news release in that it shows that things are moving forward. I also like that "Carmax Mining Corp ("Carmax") has received conditional approval... "

Yes, it doesn't contain any big news that we are hoping for regarding SC. In regards to SC, I don't think many people realize that because Teck is the operator - CUU doesn't have any control over what/when/how things happen. That is the unfortunate reality of the JV. The upside is that the costs are on Teck's dime.

On another note. It is nice to see that Copper inventory levels at LME continue to go down - now under 200,000 (197,475) - which is the lowest since 2008. But the market is still expecting a surplus because of a number of new mines that are expected to come online.

The following has a 10 year chart which I haven't see very often.

http://www.mining.com/huge-rally-in-copper-price-59829/

(be sure to read the comments by Drew at the end - while I'm not sure that I agree with him - I belive that he expresses the general copper market consensus)

Yet another potential copper mine(s) that are in trouble.

http://www.mining.com/ivanhoe-mines-may-have-to-abandon-mines-in-congo-shares-plunge-50448/