DCNs problems started before they started. The deposit was...

DCNs problems started before they started. The deposit was originally mined 20 yrs ago as a very profitable high grade open pit. It was common knowledge (in WA) that in spite of the high grade nature of the deposit that the host rock was too soft to host an underground mine creating dilution of the ore to put through the mill. 3 years ago I stated this on HC and was laughed at after the SP dropped from $1.60 to 40c.
This problem was not actually highlighted by management and they CR and went mining again with plan to add an open pit. The SP got to about $1.30 and the GM resigned due to personal issues dumped his stock and then slowly the reality of the underground mine came to light for those with their eyes open. Of course most still held and when the quarterly numbers were anned it went back to 40c and slowly bled from there.
There’s always a reason as to why a mine isn’t profitable, so and I’m not giving you any advise here but quarterlies generally tell a story and I think one is due here in 4 weeks.