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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (15156)	7/31/2003 9:40:38 AM
From: jimsioi	Read Replies (2) \| Respond to of 39344

N Wayne, thanks eom...

To: TheBusDriver who wrote (15156)	7/31/2003 9:57:04 AM
From: E. Charters	Respond to of 39344

The US may want to shunt money to China for manufacturing, or they may not, having dropped their percent of manufacturing from 12.5% to 7% of GDP in the last 5 years, but when it comes to mine building, it is not the US who calls the shots. Germany and the UK are more who you want to look at, and it comes down to do they want to put in any more copper capacity in the world at present prices? As Friedland points out, the mine can run at costs of maybe 5.50 if that is a real figure and grinding has been figured out. I wonder, as the Cbinese costs quoted may not be real. Power is a key item as are transport costs, capex, spares, labour, and water. The starter pit material is good, if they have enough of it. The grade is low by Porphyry standards if you look at Chile where the Germans have sunk all their money (mostly from Canada) but it may squeak by there. The main thing is capex to build the ancillaries that we are hearing "will be built by MOngolia and china.." Really? Can they put that in the feasibility study? I wonder. Finally it comes down to realism. Is the will there to build it. Is the producer money there, or the competing money/world economic outlook there? I prefer smallish gold mines on the highway. No question they will make money, come rain or come shine. :) EC<:-}