KMC kalgoorlie mining company ltd

6.7c bid, page-19

  1. 35,649 Posts.
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    "frankly, there must be something wrong with the mine"

    Yes Watso there is but that something has been wrong with it for a long time, its low grade, there are open cuts mining higher grade tenor than these guys can manage, couple that with transporting that ore for toll treatment and there is 3/5 of 5/8 of stuff all left and then there are still other costs like admin

    personally wish Gillard would prevent these negative low margin operations from operating without a positive audited DFS as all they are doing is depleting Australia of resources that could possibly be extracted at a later date at a higher profit for the good of all Australians.
 
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Currently unlisted public company.

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