GREY:CPYCF - Post by User
Comment by
mokitaon Feb 10, 2013 12:25am
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Post# 20964326
CEC claims of ROBUST economics lack EVIDENCE
CEC claims of ROBUST economics lack EVIDENCE
Wood Mckenzie, who did the financial analysis for Raven economics bases projections of robust economics on outdated 2010 prices and projections. CEC feasibility study uses $174 a tonne average price (Met andThermal) to claim feasibility wheras today's average price is $105 a tonne. Yet in its Jan. 2013 website update, CEC continues to state ROBUST economics that are contradicted by the World Bank, Platt and Zacks. Wood McKenzie's Disclaimer regarding its analysis of Raven economics reads: They (prices) have been arrived at following careful consideration and enquiry but we do not guarantee their fairness, completeness or accuracy. The opinions, as of this date, are subject to change. We do not accept any liability for your reliance upon them.
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Feasibility is questioned further by substantial missing items from budget that include finance charges, compensation for First Nations for loss of fish habitat, expected to be in the millions, mitigation measures for AMD that can be predicted to be similar to the Union Bay and Quinsam Mine AMD seeps given similar geological conditions, security bond that is likely to be similar to Quinsam Mine's $7.281 million.