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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: Copper Jitters
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On September 16th 2014, copper futures on the Comex jumped the most in 13 months, triggering a brief trading halt. The cause? A news report had said China, the world’s top metal user, had increased government stimulus measures by 500 billion yuan or US$81 billion.

Copper’s price jumped as much as 4.1 percent on the news, the largest intraday increase since May 3, 2013. The increase triggered a “stop spike event” – a trading halt. Bloomberg said copper trading across all contracts was 70 percent more than the average of the past 100 days.

Now that’s a jittery copper market.

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