Just leave it in the ground

Amidst the negative undertones within this The Australian Financial Review article, the is a luxury of being privately held and able to shutter an unprofitable mine. Many others are ‘forced’ to proceed and produce with the unfeasible because the market and shareholders expect them to.

It’s more concerning for those mining companies who are in the pre-capex dreams of becoming producers.

p.s. since when did a credit ratings agency start providing commodity pricing forecasts?