That is what I said before.Source:...

That is what I said before.

Source: http://sdl.live.irmau.com/IRM/Company/ShowPage.aspx?CPID=2283&EID=88412214

While I like to know what the overall cost of production per "phase 1" tonne is, I expect capital intensity gives a better idea of the political risk being taken (the higher the capital intensity, the more political risk you are taking in the absence of say a bilateral investment treaties between Australia and Cameroon and the Congo Republic. Both Cameroon and the Congo Republic are joint 144th most corrupt countries out of 176 in the Transparency International survey.

Source http://www.transparency.org/cpi2012/results

With experience of investing in a bottom six country (suffered forex scams, dilution scams, confiscation of exploration successes and use of bogus bankruptcy procedures to transfer the entire business at nil value to the elite), I think I can now see why capital intensity is given so much prominence in the Diggers and Dealers presentation.