I imagine there is risk both ways.....but freeport has mostly bolt on cap x
type spending... a big atvantage now.... guinea was saying that rio will not be able to open mine as scheduled in 2015....alredy the cost estimate has doubled to 20 billion.... Barrick pascua-lama mine construction has been shut down till barrick complies with needed water infrastructure...they alread have 5 billion invested
I think I am agreeing with you. All miners large and small are cutting Capex and non core assests as quickly as possible. At the same time their are opportunities for the smart operators to buy up these assetts on the cheap. Situation normal.