The market is assuming that the high C&M costs for NIFTY will be a perennial drag on the company. I don't believe this is the case. If they can't restart or sell it, there is always the option of reducing C&M costs by only employing one security guard and a mechanic with a grease gun.
Ann: Suspension of Operations at Nifty Copper Mine, page-184
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45.0¢ |
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Mkt cap ! $399.0M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 44.0¢ | $229.6K | 509.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 55003 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 60283 | 11 |
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