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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: Re: What if?
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Apr 19, 2012 10:47PM

I agree that our capex is very likely under control. Everything seems to indicate that things are going very well.

The reason I mentioned high capex was in response to a question on this board about a worst case scenario. It's not a very likely scenario, but it is still possible. Capex surprises are very common in the mining industry. For example, just last week Ivanhoe announced that their mine cost has gone from $9.5B to $13.2B.

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