Thought this was interesting today from OZ Minerals about developing the Carrapateena Copper/Gold deposit. Re-inforces that low costs matter and companies with a long-term view will move ahead with developments despite low commodity prices:
"The company said it wanted to fast-track the design and decision-making process by "leveraging off the extensive work already undertaken".
"Oz Minerals hopes to start building the project at a low point in the commodity cycle when it's less expensive to develop and when the typical risks of schedule and capital overruns are lower," it said".
So with regard to an oil filed development ... low oil price = low development costs, rigs are available so no holdups and cost overruns unlikely.
H
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CN Q&A, page-84
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