Too many problems TCM has got themselves into a real difficult situation. They have underestimated the costs at Mt. Miiigan and also the mill upgrade at Endako. Now the mill was only about 20% off but Mt. M is still to be finished and costs continue to escalate. they have sold off to Royal Gold 40% of Mt. M's gold prduction @$450/ounce and in case you have not noticed they have been revsing their resource life at both moly projects. Their costs have risen dramatically over the past 18 months as they hav eleveraged every asset they have. With falling spot molly prices I fear they are in dire straitsright now. I would think that very shortly there will be a institutional wave of selling that will take this stock even further. Let's face it nobody is very optomistic about the industrial metal complex period. This stock is headed below $2 where it will become unmarginable if not already for some firms.
Mgmt has really made a bad call to pursue the Mt. M project while they knew that their cashflow would be squeezed.