Petrona's never had 20 billion in sunk costs here. I mean seriously did you just say they sunk 20 billion dollars here and with a straight face?
Your talking about sub 100 mill and I am being generous. Resource companies inflate reported costs because they get to write them off as a result of the way the government structures the contracts to extract the resources. The more billions they can add to the official cost the more billions they can extract at a later date royalty free, and as far as the government is concerned the higher the reported cost the better because it makes them look good for attracting massive investments. But there is a lot of hot air in these numbers.
Also Stingray2004, were you going to donate that $100 to the Communist Party of Canada or did you back out of that bet? I cant remember.
