Surely with metals going up gain (even vnadium for their previous lows)this company is still profitable, unles they seriously "underestimated" the cost of production??? Right now price per kg is around 25$, isn't cost to produce supposed to be $10??? or there abouts, even 20 is still profitable.
i would of thought this mine should go ahead, though i understand lending at the mo is not so good, pity our govt insists on financing the dead, the jailed and the gambling. (surely this mine fits the last category???)
VIVA LA WVL!!
what's a share worth ?, page-9
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