Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (15697)	2/26/2002 8:54:52 AM
From: AC Flyer	Read Replies (2) of 74559

Freeport-McMoRan's copper and gold production from a high quality ore body in Iryan Jaya increase yearly. These guys produce copper at 7 cents per pound, after gold and silver credits. Isn't that amazing? It is interesting that they cost their copper production this way because it means that they consider their gold production a by-product, which they sell to offset the copper production costs. fcx.com Take a look at this picture - it's worth the wait if you're on a dial-up connection. fcx.com

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