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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: carranza2 who wrote (47695)10/27/2011 10:49:19 PM
From: stomper  Read Replies (1) of 119361
 
They make it sound like it is patently in line with industry cost increases. The original capex was via Xstrata. Regardless, it IS a healthy outlay/increase. Interesting that their board has to approve.:

Goldcorp also said it has completed an updated feasibility study on its El Morro project in Chile and projected capital costs on the gold project have risen more than 50 percent to $3.9 billion.

"The last estimate was by our predecessor there Xstrata, they did a feasibility study in 2008 that had a $2.52 billion capital estimate," said Jeannes. "This is almost four years later and certainly reflects increases in capital costs that we've seen industrywide."

Jeannes said the project is now under management review and will likely be put before its board for approval, before the end of this year.

reuters.com
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