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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: Capex

I was just idly thinking of some of the issues still outstanding and I realised that the Capex issue has been raised a few times. There was some concern over the cost and I was wondering why this may be an issue. I keep hearing that the capex is rising all the time and the main culprit is rising steel prices. Given the trouble that the steel companies are in and the dropping iron ore prices, I tried to find out the steel prices over the last 5 years and keep getting lost. The prices certainly haven't changed much in the last two years but I can't find any other straightforward info. Anyone got a good site for that sort of pricing info?

That was a long winded way to ask a simple question....

glta

bbay

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Feb 23, 2012 11:45AM

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