RE:RE:Market Noisedeepthinker63 wrote: If you zero out Mexico, what's the value then?
It's 25% of supported sales. The mine in Mexico is of course still operating, and 3,000 direct jobs and even more ancillary businesses depend on its operations. There's obviously some issues going on it the Federal government's environmental permit office, as FVI has indicated on their concall that they aren't the only company experiencing confusion coming out of that office. Maybe cutbacks and manpower issues are a factor.
Mexico is material, but not critical to company. A share buy back program is being evaluated, but they have $170M of capital commitments that may be a better use of funds.