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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (136084)	6/27/2010 7:12:32 PM
From: 22jt	1 Recommendation Read Replies (1) \| Respond to of 206326

"Somewhere around $100k per flowing bbl" Allow me to disagree with your numbers here CC: SAGD capital costs are more in the $30-40k Mining are in the >$100k range. Apparently the capital costs are a lot lower on non-mining than mining. CERA quotes capital costs of $126,000 per flowing barrel for mining including upgrader and $30,000 for SAGD, at the height of costs. Download free report here. See PDF page 28. theoildrum.com Chris Feltin, co-author of a Macquarie Capital Markets Canada report, put the latest numbers on the capital cost of SAGD projects. The report said the most recent projects are being built for C$30,000-C$35,000 per daily flowing barrel, compared with C$20,000 less than five years ago. greeningofoil.com