CCU 0.00% 5.8¢ cobar consolidated resources limited

Stupid to mine the silver if you aren't making a decent profit....

  1. 3,831 Posts.
    lightbulb Created with Sketch. 1807
    Stupid to mine the silver if you aren't making a decent profit. All you are doing is digging up the silver, depleting your resource and once it's gone, it's not coming back. I guess it comes down to whether they can operate a large enough margin to pay down their obligations, and whether they can expand the reserve class silver in the meantime.

    Seen plenty of mines go into voluntary admin and end up on care and maint until the resource price picks up again.
 
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