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Gold/Mining/Energy : Western Copper Holdings Ltd. T.WTC
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To: teevee who wrote (376)9/28/1998 4:08:00 PM
From: jack marshall  Read Replies (1) of 401
 
If I'm not mistaken, Antimina will come in a lot less than $2.2B US. If the capital cost is only $1.2B say, they then owe the government 25% of the difference between it and 2.2 or 2.5B. This probably puts the capital at around $1.5B.

Noranda wants this to fly since they see the writing on the wall for Kidd Creek, Heathe Steele and Brunswick. I'm not sure what Teck's and Rio Algom's angle is on this one except that they want to be bigger players and Rio's Crandon property is a joke thanks to the greens.
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