What make you think these new figures are genuine? 2200 tonnes of concentrate evaporated along with 421 tonnes of contained Ni and they only just noticed - does not sound like a very credible story to me.
So ask yourselves why publish these figures now?
Note particularly the bit about impairing the value of the assets.
Dale Rodgers was useless, but the reason why this went down the pan before was the GFC hit and Ni prices bombed right at the point of peak debt and before they had mannaged to dig to the main ore body.
There are just 2 reasons why it is not performing now:
JNMC incompetence.
JNMC corruption.
Properly run the mine should be printing money by now, even at the current Ni price.
We need to stand together on this contact albidon dot action at hotmail dot com
ALB Price at posting:
7.5¢ Sentiment: None Disclosure: Held
