They were supposed to be in production 5 yrs ago. Poor decisions and cost overruns have left them too late into the market.
Origional forecast cost was $45/t. But they had to go bigger instead of getting some cash back in the bank. Got bigger salaries too of course. Problem was they never could afford it. Sunk now with ore at $96/t. Their costs with shipping are higher than that.
Cheers gmac.
They were supposed to be in production 5 yrs ago. Poor decisions...
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