Excellent KGHM Decision Making While Commodity Prices Low Junior sized mines (and predictably) will not survive the low commodity prices long BUT major world players like KGHM that re-shuffle/restructure/reorganize like the parent company KGHM's latest moves with Ajax Mines inititiatives, certainly will be. This particular Cinderella story is at bargain entry SP prices right now for investment. I have balanced out my initial .25 entry level many times over the years that I have been involved, re: on this respectful AME Stockhouse BB.
I see it as a "long" and when it comes in - eg: commodity prices rise etc. I fully believe that the Kamlooops 80% owned KGHM/Ajax Mine will pay off handsomely. This Kamloops has the product that KGHM worldwide wants to develop and then add to it's world-wide supply to China.
It's a no brainer when KGHM re-shuffles/restructures/reorganizes in order to better protect it.
This shows expertise within KGHM company decision making to both insulate/strategize & build upon their Kamloops Ajax Mine while the commodity prices are low. World players like KGHM predictably will always protect the good ones by insulating them to weather out the storm, so to speak.
So this is great initiative shown here by KGHM in my opinion. I am definately in for the "long" as a result of their excellent decisions to insulate their Ajax holdings.
Unfortunately, there's many promising junior operations that will not have this luxury or the finances to weather out the low commodity prices. I am betting solidly that KGHM International does, and that KGHM precisely know's what they are doing (purposefully) with their Ajax Mine decisions & investment.
GB