RE:RE:What's going on?
Failure to get the updated water permit means they will not be able to start on new pit, layoffs at Minto coming this week. Any speculative valuation of SD will fade even more. Look at how many little miners got hammered today.
Capstone -5%
ALS -6.4%
NCU -7.7%
TCM -6.1%
copper mt -9.8%
III -7.8%
Some of the bigger companies not doing much better-
TCK at 52 week low.
RIO hovering above 52 week low
FCX hovering above 52 week low
Nickle off by more than 4%, iron below $80/tonne, mmore pain ahead for miners. The short side of the market (DOW, NASDAQ, TSX) appears to look a lot better than the long side.