Ann: Maiden 32,000 t Cu Resource for Griffiths Hi, page-22

re: Ann: Maiden 32,000 t Cu Resource for Grif... Gself.. just a quick coment on your post.
At its peak just before the GFC metal prices were so inflated that any managment (even blind freddy) could have turned a profit, money was falling in there laps....... the Test of good managment is how well they perform when the chips are down, a truly great managment team knows from history that metal prices rise and then they fall they never ever rise forever, in actual fact when they are at there highest is the most dangerous time to be over commiting yourself. Truely great managment will put aside for bad times and be prepared for a downturn....... I used to be a farmer, those who didnt allow for drought and low prices fell away, those who were prepared for the worst, then capitalised on this bought out the bad managers and got bigger.
From what your telling me KZLs managements planning was based on the fact that metal prices would continue to rise forever!! so when the inevitable down times came they were over extended and ill prepared..