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Strategies & Market Trends : Ride the Tiger with CD
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To: Little Joe who wrote (6048)3/23/2004 9:52:58 AM
From: Condor  Read Replies (1) of 313789
 
I confess to limited understanding of the fundamentals, but it seems to me that if the CAPEX is higher it would reduce the value of the project to a potential purchaser.

You're right LJ.
There is nothing magic about it.
That leads me to reflect on CLG's Meadowbank. The operation was marginal enough that increased commodity costs killed the project. Makes one wonder how marginal was it? In mining we should never lose sight of the importance of remoteness and depth to the success of a venture. Far north projects had better have exceptional grades and tonnage. But, you already knew this I'm sure.

Cheers

C
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