Correct - Century did operate through a couple of cycles, and went broke when they were Pasminco in 2002. Zinifex/OZ minerals had to go cap in hand to the Chinese in 2009 - after making a billion a year in 2006-07 and spending the lot.
MMG Century practically ran at a loss in 2012-13 before the final days of the operation.
This is not a downramp, as I hold both NCZ and RVR, and know people who have worked at these sites or have been there myself.
Just need to be aware this is a cyclical industry and both operations have had near death experiences
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Correct - Century did operate through a couple of cycles, and...
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