SMM 20.0% 0.4¢ somerset minerals limited

4000tpd here we come, page-4

  1. 145 Posts.
    yeah good news that they have 4000 as an objective. And yes if they mine higher grades costs will come down but the point seems to be lost on you blokes that for any given grade TMR has much much higher costs than others in the industry, including in Chile. They have still yet to demonstrate they can run a profitable company from their total operations. 7 of the 8 mill before tax profit last year was due to litigation, derivatives, and "other income."

    glass half empty: they couldn't make a buck when they were mining higher grades

    glass half full: operations do seem to have improved since new staff were brought in.

    I'd like to see Project 1 (meaning $1 per pound cash cost)
 
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