Hard to work this one out. I have a few shares, from a failed...

Hard to work this one out. I have a few shares, from a failed investment in lumacom.

The only thing that shareholders can do, is to keep an eye on the quarterlies, and the cash flow statements.

The directors seem to be keen, and are buying, so that is a good sign. The other side of the coin, is that 3gm/t for an underground operation, might not be economic.

For comparative purposes, look at bcd, who seem to be struggling to make money, at double the grade

From memory, the above numbers are based on about 6gm/t. Each operation is different. Bcd, are not paying transport costs (which would be about $12 per ton for kmc), and not be paying for the profit element of treating the ore.