COSTS $ TOO LARGE NOTHING CAN BE DONE TO SAVE SGFSimply the costs of $2 Billion to build a producing mine but most likely that has increased to more than $2Billion, refer to past history of many other companies where there is always cost over runs.
The talk of a new mine plan to shave a couple of $100 Million off the costs is simply wishful thinking and Hope.
In todays Financial MKTS and especially the resource area the funds are not there, not eveb fr the Big Guys. The Majors are selling assets inorder to raise funds.
Don't get me wrong Shore was a good story but not in this Bear MKT and not for a long time. George Read has done an excellent job, actually he should be running the company and Ken should step down,
A Diamond Mine that will not be developed now or in 19 years from now.
All the above in my humble opinion and based on Financial MKTS and Rsource MKTS and Company news