wayne's letter , page-101

What really gets me with the letter was the comment about selling copper at $3 USD per pound - This was the base case number used by MPS and I think by the comapny in the financial model from the international roadshow - Have the cash costs of mining skyrocketed from the numbers included below ? We were told CDU would be highly profitable at $3 per pound even though W.M was quoted as expecting it to be closer to $8 to $10 by the time CDU in production.