You are using average costs over a year in a period when...

You are using average costs over a year in a period when production was being ramped up. We really need current marginal costs to get a better idea of where the company is headed. Costs per tonne will be declining both in terms of production and transport as production and shipment size rises. The data in the annual report does not provide the marginal costs we need to know. The quarterlies will be a better guide to current cash flow and whether a cash raise is needed. You may be right a cash raise will be needed, but I do not think the annual report provides the info to prove the case.