That minesite was making $1m EBITDA per day back in 2007....

That minesite was making $1m EBITDA per day back in 2007. Historically very rich in cu/zn with pm credits and a new discovery is just a exploration hole away. Very rich area. A lot of dollars spent in 2007/08 etc on plant upgrades, new offices, accommodation and warehouse etc. Not very profitable for the big players when commodity prices are low because of their overheads but should be quite profitable for a small company with low overheads. Between 2005 and 2008, minesite personnel increased from 200 to over 800 so when times are good she really pumps out the dollars. When gold dropped to US$250oz the GG mine kept Normandy above water, then Newmont took over Normandy, Newmont sold to Oxiana 3 years later, Oxiana merged with Zinafex to become Oz minerals, 2008 crisis hit and Oz Minerals sold everything to MMG bar Prominent Hill to stay alive and now you have MMG palming it off.