Hate to be a 'told ya so' but the alarm bells were ringing about 6 months ago. The tonnages simply weren't there to support what the KMC board were telling the market.
Lesson to be learnt here is not to invest based on 'mining on a calculator' per se. Same thing has caught out the BSM faithful unfortunately. The mining industry can be just as savage to investors as the biotech sector.
KMC Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held