Sunday, May 26, 2013
Tahera "Jericho" Diamond Minesite abandoned
What do we take away from this bloody disgrace? Seems pretty straighforward now but Jericho NEVER came anywhere near breaking even, let alone producing positive cash flow and a profit. The equity was doomed the moment the decision to progress with a half a billion white elephant in the far north was made. Those who lost money on Shear, well damn, Tahera blows half a billion without finding the answer and Shear had it all along?