People get so caught up in businesses in debt.
Most mining companies run their business in debt for taxation purposes.
In saying that , imagine outlaying all the machinery and setup of a mine including the cost of running it and prospecting costs. Its not cheap! and the debt is also being reduced as reflected on the balance sheet. RIO TINTO is only just getting close to clearing its debt thanks to selling its assets.
BLK Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
