an: q report and cash flow, page-32

i am afraid you are wrong

as to sell more, G needs to produce more .... producing has a cost ... 200 more tonnes per month would contribute "only" $200k in op cash flow per month (assuming 1k/ton in gross op margin) ....

G has no future with J plant only .... adming+finance costs are too high and not sustainable (btw, notes now cost 25% more than before .... 10% vs 8%)

op break even isnt absolute break even ... management is telling out they'll be making losses for many years to come ....

I can't see any reason to hope for G ... at least up until lit prices get a 30% boost, G is hopeless ..... moreover, prices are going in the opposite direction.... in last few weeks, prices have gone down 5% .... ie op margins are halved ....

G is a cash burning machine .... even at full capacity .... with rough 25/30mil in overheads, at current op margins (1k/ton) they should produce 25k tons a year instead of 17k (best case)