wasted $8M in that time frame.
So now this becomes an exploration company akin to MGN with no active mine, one permitted but closed mine near end of life, and one massive mine that still needs permitting.
There is value here, but at what price point? 50c? 80c? $1? I don't know. I think the CEO needs to take a hit here for bleeding needed cash
Going to lots of lawsuits coming out from this.
Only hope for shareholders seems to be if SLW decides to just takeover the whole thing. But at what price?
that will never happen. SLW has abandoned their strategy of buying a piece of miners 2 CEO's ago. This is just a legacy position for them
I think a lot of what happens next depends on the price of silver/copper. If they get cut in half from here, the mine will shut. If not, they will continue with the skeleton crew and try to re-open.