you obviously know absolutely nothing about mining to make such...

you obviously know absolutely nothing about mining to make such an ill-informed comment.

so BHP are dumb for putting its Nickel West arm in C&M and IGO for doing the same with Forrestania ?

By Citi’s calculations, every Australian hard rock mine, apart from Greenbushes is operating at a loss

"Management teams are looking past current pricing, putting recent weakness down to the typical volatility experienced in any commodity price cycle. They’re effectively ignoring it in the belief that eventually prices will return to their long-run price estimate and their profitability will recover."

Hope is not an investment strategy mate- cutting costs and if necessary reducing all non-core expenditure such as huge director salaries and expense accounts is.

So endeth the lesson.