"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.
KMC Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
