i see a lots of hypotheticals in your post, but thats ok.
The fact of the matter is West 45 is almost at the end of its mining life and hasnt proven to be a low operating cost mine from any angle you look at, despite going through the period of highest POZ in the history. Also these guys were supposed to be good at mining and not really at marketing and spruiking the good story, turns out they are hopeless at both. We are 18 months into operation and West 45 is still producing zinc at a very high C3 cost. Very high possibility the West 45 will finish up as a very high operating cost mine and this is why i always hold the management responsible for feeding the BS to share holders.
Would you like to give me a link where it stated that the total CAPEX for developing all mines was $87 million?
RVR Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
