RE:Am I missing somethingY-ex our not missing anything. The NCIB needs to be much more agressive here and the managment needs to be allocating less capital to all these projects under development or care/maintenance.
Sell Kemess. Or shut it down. Sell Thompson Creek. Or shut it down. Sell the Nevada project. Or shut it down.
With the cash and cash flow, even after maintanace Cap Ex, these two operating mines have very good Free Cash Flows and the FCF should be allocated much more to dividends and share buybacks and less to keeping these marginal looking projects going.