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09:36
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Originally posted by gg99rush
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I have a slightly different view on the KML project. As the engineers always tell me anything can be fixed with time and money. GBG doesn't have the money and with Dale at KML full time some of their expertise is in the entity, so the asset sale (depending on the price) is the best outcome. I don't believe and still do not believe this company was a "dog" at a 130-140 ore price. The issue was fixing production, which if it did occur might of resulted in a large share price increase. The project became more complicated and the issue was not resolved.
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To be blunt one would have to be crazy to invest in a large CAPEX mining project by a junior in this environment. For the most part most of these projects failed or simply returned nothing besides capital losses to shareholders.
