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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: geewiz who wrote (89651)	12/14/2007 10:19:09 PM
From: orkrious	Read Replies (1) \| Respond to of 110194

I heard someone say that on the original CC as a factor. I don't think much of that excuse. they used parity in their models. the problem was the cost estimates for building infrastructure like the tailings pond and dam. the costs were far higher than expected (more than double) and at $600 PoG and $1.50 copper the project was uneconomical. it would be very profitable at current metal prices.