http://www.ivanhoeaustralia.com/s/History.asp"In 2002 Selwyn...

http://www.ivanhoeaustralia.com/s/History.asp

"In 2002 Selwyn Mines experienced difficulties due to ore production from the Starra and Mount Elliott mines not being able to sustain the required treatment rate during a period of low copper and gold prices. The Selwyn Mines operation closed as a consequence."


So... do you feel/think this was a reflection on management ?
Assuming there is more to the story?

Reading on... It gets quite interesting.

FRB - I missed that part about the underground development not being included in capex.

That would alter open cut profitability significantly.