Capital costs ?
posted on
Dec 21, 2007 03:12AM
As a share holder I am getting worried about the capital costs involved in bringing in the infrastructure required(roads, power, rail?) to such a very remote location. The find must probably be close in size to that either of Sudbury or Norilsk to make it worth while, a Voisey's Bay may not do. I wonder if anyone has figured out the total market cap. of all the players involved in that area. A major would probably only get involved if it can control the whole area. Capital costs must be in the order of 5 billion for roads, infrastructure, mine and mill.