It is so frustrating to read this sort of comment, given how much lower our own cash costs are even in the BFS. We're at about $1.05 with the current dollar and we all know it is going to be better with optimization and waste-that's-not-waste being improved.
I guess the market is never going to recognize the value until Teck points it out to them.
Capstone has a cash cost of about $2 a pound of copper, compared to a current price of about $3.23 on the commodity itself, leaving a substantial buffer to protect against a copper price correction, Mr. Michael said.
Mind you, when they are in production a lot of the risk is removed, so it is a safer investment. The upside from this point would not be as good though.