RE: RE: RE: RE: A little more DD...A poorly disclosed "loan" of $1.5million to your partner wreaks. The partner now has such a big share position that they are considered a Control Group - and then they get a huge loan? It stinks. They might as well have called it a payment of some kind. It is China, and there is plenty of unethical behaviour going on there (ask Rio Tinto). If they were loaning money to the mill owner, don't you think that would have been announced?
Costs are costs, and if they are paying $26/tonne to mine and smelt their product, they are currently losing about $15,000 per day on their 1,500 tpd operation. They ought to hurry and get some proper economic analysis done to figure out if this is viable or just a colossal waste of time and money.