Quoted By:
Another Taylor Dart recommendation ...
Why don't people take into account the massive dilution and/or debt in front of these companies before they can realize their ends?
This turd, for example, will require 125% of its MC to rebuild its roasting mill alone. This was based on an old estimate and the figure is likely much higher. This doesn't even factor the development costs for the projects which are intended to feed this so-called asset. It came with maintenance and remediation costs for the Lone Tree pit, which are quite substantial. NGM basically dumped an environmental liability on them.
