Ann: Annual Report to shareholders, page-27

On page 2 of the report under 'Review of Operations' (actually page 6) it states a net loss of $10,619,215, and attributes the majority of this to 'foreign exchange losses'.

This will be due to the drastic revaluing of the peso after the Argentinian elections last year:

https://www.xe.com/currencycharts/?from=ARS&to=USD

A lower peso value should result in an inflow of foreign currency as it will boost Argentinian exporters, which in turn strengthens the Argentinian economy.

One of the first priorities of the new govt., other than getting inflation under control, will be to lower company tax to further boost the economy. This will result in substantially lower tax rates for Puna when they start producing and exporting. Additionally, if they convert the foreign currency from exporting back into pesos, then the rise of the peso as the economy recovers should give an additional boost to the profits, i.e. the opposite of what caused the $10,619,215 this year due to devaluing.

I suspect we're not far away from achieving full production, and the planets are aligning nicely for us when we do. 2024 will be our year.