Don't have all the info, none of us do, but cannot go on spending millions to boost production and production does not grow. It could well be better to stop mining at a loss, and building up big debts as a result. This is a good deposit but right now not in the better stuff and copper prices are not too good. Renison is about to go into a very profitable phase.
Maybe putting on C@M for a while, continuing with (slow to do, usually) ventilation improvement work and stoping into new areas, but funded by tin, not debt. Re open when Cu price better, ventilation and paste fixed fully, and problem as to what is bottleneck solved. I have never seen an explanation as to what the problem really is.
If results have nor been forthcoming, its time to back away and mine again another day, at Nifty, and maximise the well run operation at Renison.
MLX Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
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