Seems AYN did most of the production improvements last year, however the power grid was pushed to this quarter, as was a crusher improvement of some sort.
Once those are done I would think sales at $24/oz AUD would be enough to produce a small operating profit, based on previous guidance.
But your question is the proverbial $64k question. The market can't value this stock until that number is known, hence the lagging SP, IMO.
I don't feel there is a threat of the stock going under due to the platinum funding.
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