Ann: Interim Financial Statements - Half-year ended 30 June 2020, page-2

Revenue down from 46,854,000 to 7,433,000.
Cost of sales down on balance from 57,673,000 to 24,713,000.

The revenue fall as a ratio exceeds the fall in cost of goods sold - not a positive metric.

Distribution and administration costs falling by the same ratio roughly as cost of sales (which are metrics on the total COGS figure) so falls in line.

Smaller loss of 28,322,000 compared to 123,270,000 previously largely as a result of no impairments this FY.
Minus the write-down impairments previous FY19, the difference in P/L comes to $33,000 increase P/L before tax.

The Balama mine has been shut down since 28 March as a result of COVID19, and is not currently producing.
BAM continues to develop, which as we know is an ongoing cost with pay off at some time in the medium term.

2-3 years cash on the books at current burn rate without the need to go to market.