The average Congo miner is selling at 12% of its peak a while back and many are selling at less than 3c in the dollar. I bailed way way back at about $17. Son as the usual African political sewer smell started to get sniffy.
Katanga Mining, a real biggie, is down 99% running out of cash fast at these prices. Camec another biggie has just shut down again.
Im not sure how good the Chinese are at inventory management. We may be rating them a bit more highly than they deserve. They either seem to be buying like there is no more around or not buying anything.
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