Ann: 2010 Full Year Report Summary , page-2

Could someone who is brighter than me clarify a couple of issues which appear to conflict to me :-

Revenue from Operations - $15.8m
Receipts from Customers - $44.0m a big discrepancy


Cash operating cost (Sept Qtr) - $171 / mtu
Spot Market price - > $315/mtu HSK receive discounted from spot price ?? - say $285/mtu = 40% margin

"The Canadian Minerals sands performed strongly & above budget"
yet we get :-

Revenue - $15.882m
Cost of Sales - $15.408m
Gross Profit - $ 0.474m = 3% margin


For the period Los Santos did keep operating prior to the Sept. Qtr. were we hemorrhaging money ?