100% Agree.
The problem lies in the fact that the AISC of producing that product must be low enough to be competitive / sustainable and remain cash flow positive after repayments.
Sometimes, it just doesn't matter how good the CEO, Board, Management are if the particular project is not economically viable.
Good management usually identify this in a timely manner, minimising capital loss. Management that don't, should be avoided and viewed with high degrees of caution.
Everyone's understanding, perspective and acceptance of "timely manner" will differ of course.
Question, does MGT have top quality ore?
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