Hate to be a 'told ya so' but the alarm bells were ringing about 6 months ago. The tonnages simply weren't there to support what the KMC board were telling the market.
See THIS thread.
Lesson to be learnt here is not to invest based on 'mining on a calculator' per se. Same thing has caught out the BSM faithful unfortunately. The mining industry can be just as savage to investors as the biotech sector.
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