the point you are missing is the ore sorters are reducing the amount of ore needed to be processed through the plant. Mt Carbine has been ramping up production and adding more capacity while still processing tailings and low grade stockpile, so the cashflows are messy. They aren't running at 100% as the ramp up continues. If they gave us the figures on processing the ore from the pit, it would show a profit.
Other mines, like Saloro haven't used ore sorting which would impact margins.
Proof will be in the pudding. The question for investors is, do they take the risk and buy cheaply or wait for evidence and pay a higher price.
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