To give you an example of how tough it is.
Milan Jerkovic was metallurgist and manager at Straits Resources at Nifty when they heap leached the oxide copper.
Straits made some money stopped the mine when uneconomic and bought thermal coal Assets in Indonesia.
Straits also tried to develop a couple of copper projects 1 in WA (Mons Cupris) a heap leach and Tritton in NSW an underground sulphide mine . (Tritton is still going but struggled and shut briefly when e Cu price fell).
Adithya bought Nifty tried to mine it as U/G sulphide had a mine cave in and stopped (gave up) had sunk say $150m in infrastructure into it.
Milan knew that advised MLX to buy it and they sept say $100m trying to make it profitable and ended up in the state they were in at 8c (down form 80c).
I like Milan he's down to earth an an incredibly hardworking honest immigrant made good say over the last 30 years. He'sboth made and lost money for me over the last two decades (The made money was form the Thermal coal and he did say when it split form the riskier non- profitable Cu & Au that rump was risky).
Now the Cu price is up and CYM assert they can run a profitable heap leach and Open cut at Nifty.
I've also told a little of the history of Renison before.
If I come across as gun shy and a curmudgeon well I'm a survivor (I think).
That's why I often put IMVHO it's not easy.
All IMVHO.
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To give you an example of how tough it is. Milan Jerkovic was...
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Open | High | Low | Value | Volume |
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17 | 451497 | 0.575 |
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Price($) | Vol. | No. |
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