I asked the head of Perennial Funds Natural Resources management what he thought the current capital intensity of Cu projects was?
He said up from $4-5,000 a few years ago to $20-$25,000 now. That would be larger projects.
It certainly explains why M & A from the big boys is their way to go. It also highlights a major advantage of our project which is shown on slides by NWC. Ours is around $9,000 as was RXM's.
"$8,953 CuEq Capital Intensity = lowest quartile globally." from the PFS.
Supports your assertion that it will get snapped up.
all IMVHO.
Ann: Recent Drilling Intersects High-Grade Copper, page-117
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