Question-and-Answer Session
Operator
(Operator's Instructions) And the first question comes from the line of Anthony Sorrentino with Sorrentino Metals.
Anthony Sorrentino – Sorrentino Metals
Hello, everyone. What do you expect exploration spending and capital expenditures to total in 2009?
Phillip S. Baker Jr.
2009 we'll spend roughly $10 million in exploration, about $32 million in capital.
Anthony Sorrentino – Sorrentino Metals
Okay. And would you have any indication of what those numbers might be for 2010?
Phillip S. Baker Jr.
We actually are having our budget meetings starting tomorrow so I don't have a firm number. I think you can expect exploration to be up substantially. I don't know if that means 40% or 70%, but probably something in that range. And then capital, we'll certainly spend in excess of that $30 odd million next year. Exactly how much that is will remain to be seen and we'll give on both of those numbers, firm guidance early next year. So I hope that gives you a range.
Anthony Sorrentino – Sorrentino Metals
Okay very good. Yes, thank you very much and congratulations on a great quarter.
Operator
And the next question comes from the line of Terene Ortslan with TSO & Associates.
Terene Ortslan - TSO & Associates
Hi, thanks guys. Just following up on the previous question, obviously it's been a very difficult period of capital constraint. Coming back to beyond the capital, how much of a development cost increase are we going to be able to see to catch up the properties up to speed? Obviously there's going to be minimal amount and a desirable amount, but I'm just looking for the minimum amount that you're going to be increasing it by. Thanks.
Phillip S. Baker Jr.
When we look at the development work that we've done, we've stayed pretty much in line with what we were anticipating we would need over the next couple of years so it really becomes looking out further than that for expenditures. So I don't see a dramatic increase. We'll certainly see some, but not a dramatic increase, with the exception of the deeper Lucky Friday which will be a larger program to do that development.
So order of magnitude, that thing is going to cost $150-$200 million over the 4-5 year period when we start that. Ron, do you want to add anything?
Ronald W. Clayton
No. The only thing I would iterate, Phil, is that both properties, what would drive more development would be opportunities.
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