"Their cost per pound of copper is $1.65 to $2.30.
We still have no real idea what our cost per pound is. Even Teck has spent the last year or so going over the numbers. I have seen negative 32 cents and then a buck-fifteen. I had some shares in Mercator Minerals and the cost kept going up and up. It went from being the new generation copper/moly mine to broke because the actual cost was wrong, or was not stated truthfully.
Don't get me wrong here.
If Teck figured there was a problem, they would have never spent the time or the cash on this and would have been out a long time ago. I'm still in this because of Teck, not Copper Fox or Elmer Stewart or late night phone calls from Vette, or heaven forbid, web...