"It is NOT profitable - read the report for heaven’s sake. They do NOT have two producing mines. McNallys is pinching out and is the only current source of mill feed."
Yes I have read the report and I never claimed that last quarter was profitable. I wish you wouldn't lie and insinuate that I did.
You have been saying that for the last 6 months, yet they keep find ore at McNallys.
The plant can process 80,000 tpa or 20,000 tpa per quarter, they only fed 2,312t this quarter. If they had additional workings (which is the point of the current drilling) then they would be profitable. They have been making incremental improvements and now that the plant has been upgraded its time to build the mining inventory and feed it to capacity. Next quarter will show the company turning the corner.
"They do not have the funds to to continue their loss making MS operations let alone the many millions needed to mount an exploratory drilling campaign."
They don't need millions now they have their own rigs and crew.
"Unsure as to why two new gen sets are needed given that they are now on grid power."
Read the report for heaven’s sake, " provide the Morning Star Gold Mine with capacity to operate uninterrupted in the
event of main grid outages, of which there were several in 2019"
Ann: June 2020 Quarterly Activities Report, page-18
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