Can someone please explainwhat the point is in purchasing a company - for a 50% premium - that is of less value than your current company?
KDX can't possibly have a lower cost of mining than the Ying mine.
KDX is not in China so labour costs will be substantially higher than what we had in any of our China mines.
Then there are the permitting issues. We can open mines in China in record time. This won't happen in the US, especially now with Obama in charge.
I fail to see the rationale of this.
The only thing that can save Rui is for silver to go to $50 in a hurry. But we would have been just fine anyway if that had happened.
Rui should have stuck to what he knows and bought a Chinese mining company.