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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 price

http://www.bloomberg.com/gadfly/articles/2016-02-16/freeport-s-mine-sale-to-sumitomo-calls-a-bottom-in-copper-m-a

Very nice article, especially the graph at the end, shows that companies buying copper projects are buying at a price similar to 2013, emerging from 2014 and 2015 prices... better days ahead?

The price should nonetheless stiffen the spines of potential sellers at a time when many analysts are urging the better-capitalized miners to pick up assets at rock-bottom prices. In the M&A market at least, copper may have found a bottom.

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