No-one's arguing that LKE isn't a disaster mate; it is. But harping on about their costs is just a deflection from the point at hand. The only accurate information for Puna expenditure is the total amount provided by AGY to the JV each quarter. Beyond that, it's anyone's guess how much is being spent and where, because that information isn't disclosed. Francisco could be blowing $500k a quarter on coke and hookers and you wouldn't know (I'd actually be okay with this though if he were generating shareholder value/returns).
If profits are flowing, it is arguably not that important. But when income is non-existent, cash holdings are dwindling and cash-burn remains high, the current spend at Rincon is an important factor in determining short term profitability, and the likelihood/timing of a cap raise.
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