RE: Concentrate unsold, value declining19 Sep 2023 09:52
Spikey, another none invested loser.
Why would Eurasia halt mining metals at WK? Hmmmm.... Maybe because the buyer would like to see the maximum available resources. What is a significant valuation of a mine? Oh that's right, it's resources making it a lot more attractive.
As we come to the end of the sales process, it's prudent to slow down or halt mining operations as it's expensive, and as stated above, ensures full resources for our buyer, but the key point is, we stripped the HELL out of WK for the buyer, more than we have ever done before.
Also, when going through a sale, Eurasia have redeployed all their resources to not mine, but to provide help to complete the DD of the parties buying us. Not only that, but the buyer will want the mine in peak operational performance and MASSIVE and EXTENSIVE stripping of the land would do just that.
Lastly, the value of PT is set to rocket soon, halting the mining process is very strategic.
Ignore the usual idiots who add nothing.