KMC 0.00% 0.6¢ kalgoorlie mining company ltd

6.7c bid, page-19

  1. 34,387 Posts.
    lightbulb Created with Sketch. 1943
    "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.
 
watchlist Created with Sketch. Add KMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.