Seems like we are not. No. 470k for sales and with a production...

Seems like we are not. No.
470k for sales and with a production cost of 360k that's an excessive production cost. No wonder they needed a cap raise.
I know it says it was higher because of increased production and also ramping up but still.
That production cost needs to come way down or we need another revenue off the iron ore to make this worth it.
Otherwise production cost, admin, and corporate costs will just keep eating everything up and leave nothing.
Switching to hold instead of buy until we see actual numbers of what we are selling waste for and what our production costs are.