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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (1191)	5/5/2005 8:26:52 PM
From: seventh_son	Read Replies (1) \| Respond to of 2131

Yes, so it is hard for me to understand why the Corriente feasibility study fully takes into account skyrocketing costs for mine expenditures but assumes a base case of only $1 copper. It seems that $1.15 or $1.20 at minimum would be more reasonable conservative values looking forward, and a much higher value than that would be expected. If $1 a pound copper is realistic, how many mines are going to come online, and how is Asian demand going to be satisfied? I think that skyrocketing capex costs are a reflection of a weak US dollar that does not have a bright future, whereas $1 copper is a distant reflection in the rear view mirror of the price at a time when the US dollar was much stronger.