Ann: Half Year Financial Report, page-7

Might have something to do with employing more staff during ramp up and also going the 24/7. If you have more hours worked you costs will go up. Revenue has also gone up significantly over the 12 months as well. So much doom and gloom from the usual suspects.

Starting to see a rise in European tungsten prices and carbine is now into the higher grade stuff, so lets just wait and see what the numbers look like next qtr before making judgements like the company is stuffed like one downramper says.