have we got a ship?, page-223

Very opaque.

Sth that bothers me a lot is the spending on mine properties it's so easy to push production costs into that category.

Even if it's all legitimate spending great, but we still don't know how much of it is being spent to fix stage 1 mistakes and how much of it is for optimization and expansion for stage 2.

To me spending $8million on optimization and expansion is a positive spend.

To me spending $8million on fixing stage 1 mistakes would not be a positive spend.

PLS has spent $173million in the past 12months for mine properties.
A40 has spent $14million in the past 12months for mine properties.
AJM has spent $85million in the past 12months for mine properties.

What exactly is all this spending on mine properties when the plants are built? who knows exactly these quaterlies are a shit show.

Only thing clear is no one is making money, for some reason only A40 is being punished for it.