Graph of Kenmare Resources in Mozambique. They hold the Moma deposit with a JORC mine life of 100 years. They've been operating for about 2-3 years. Their large debt, operational issues and a poor sand market have smashed them to 2p. There is a real possibility of them folding.
Clearly shows that mining sand is not easy.
Pep
Projected profit higher than current market cap, page-13
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)