And that they think that they might just about break even on doing just that as a result of the copper value of the wire they dig up.
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But a 20-30% discount on the copper value is reasonable enough thus making, at the refinery gate, a 1 rupee coin worth perhaps 2 cents or two rupees.
The company claims to have 75 million miles of copper cable which people are always trying to steal for the copper scrap value.
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Police Chief Dean Esserman of Providence, Rhode Island, said that for a time, his department saw a dramatic increase in copper thefts resulting from empty, foreclosed homes and the increased value of copper on the commodities market.
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Now obviously, a copper scrap refiner does not pay the full value of the copper contained within scrap.
People do not gossip about the value of copper and tin, but they like to talk about how much the neighbour's house went for.
The cost of extraction would be higher than the value of the copper to us.
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The state budget is tailored to achieve a surplus of 1% of GNP, with a copper price at its long term value.
Kent Police said the theft of the copper cable was down to its "current high value and attractiveness to thieves".
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Together, the argument goes, the two companies could better direct scarce resources to extract iron, copper, nickel and so on where the most value is to be gained, and do so faster than they could individually.
For example cathode ray tubes those monstrous glass blobs found behind the housings of all of our old TVs and monitors, cost far more to process properly and safely than the value they can produce from the lead, copper and glass in them.
Copper has more than doubled as a share of total import value during this time as well.
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The War Memorials Trust estimates one monument is vandalised per week for its bronze, copper or other metal, despite them having "relatively little value".
The US, Britain and the EU now all make pennies and cents out of steel with a copper plating as copper rose in price making brass and bronze worth more than face value.
The increase in the value of the yuan since 2004 means that the price of oil, iron ore, copper, agricultural products and all other commodities have gone down by 25% for China-based manufacturing relative to U.S. based manufacturing.
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