I do agree with your philosophy gutumike, but MAT management does seem to have missed a massive factor in mining profitability. And thats time.
Many mines can can be profitable, but adding a year extra trying to drill out extensions to no avail can easily burn up any profit ever made. Considering it can cost $0.1-0.5M/month to keep a mine on care and maintenance. MATs previous strategy of using half shifts for production was destroying value, they should have raised money, drilled priority targets frantically and mined them ASAP that is the only way to make money at these marginal shows. Otherwise unfortunately its death by a thousand cuts that current shareholders are experiencing
MAT Price at posting:
9.1¢ Sentiment: Sell Disclosure: Not Held
