Ann: Interim Results from Ongoing Metallurgical Testwork, page-6

If you're looking for a copper play, I think that there aren't many better. I also think that there is a shortage looming that will surprise many. The Chilean government isn't going to help copper productivity over there with the labour law changes. Couple that with the decline in copper grades in Chile and increasing depth of deposits. For a country that produces 35% of the annual copper output, the market will react strongly to any supply disruptions there. Now with CYY we have a SEDEX hosted copper deposit, high grades, relatively low construction costs (find me a cheap porphyry to develop?!) and plenty of exploration upside to come.

Has anybody noticed how the tonnes in the LME warehouse keep falling? We're below 160kt now and were at around 250kt in January??