You may like to look at the market capital of MMX when it's shares were $6. Those huge share price were not based on any fundamentals - just market hype. IT WAS a small exploration company when it found Karara, with a talked up share price.
If you want to do comparisons look at MMX, SDL, GRR. MMX never got to a mine. Sdl got to sell out, will never raise the capital to stay in.
real cost per ton , page-23
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