Re: Silly comments about capex abound
in response to
by
posted on
Nov 14, 2011 05:07PM
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%)
A couple more thoughts about "Silly comments" on capex. I don't know specifically what kind of Capex figure that WG (&Elmer???) figure is "Silly". Silly to me would be above $5B or something. I don't have a calculation for Silly ;)
However I can't help but notice that the number $3.8 B (+/- $200M) comes up a few times. Note:
(#1) Ocean's article this AM: Northwest B.C.Major Projects (Oct 2011). SC "Estimated Investment": $3.7B (inset on pg 20).
http://ktids.ca/documents/nwbc_major_projects_oct_2011.pdf
(#2 & #3) Mr. RabidTiger had two Methods that came figures in this $ range ($3.829B & $3.815B):
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/504781-updated-capital-costs/messages/1606339#message
and (#4) my own "Coarse" project scaling and BOC inflation adjustment ($3.7B) of the 2008 PFS Capex :
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/507238-silly-comments-about-capex-abound/messages/1612746#message
I haven't had time to review the other comparable projects to see how those would relate. I'm more interested now...
Regarding #1, specifially the Northwest B.C.Major Projects article, where did they get the $3.7B figure from??? (not from me)