They are profitable. They spent extra money on equipment (which is an investment and adds to assets) and got ahead on the stockpiling. If they hadn't done that, it would have been a clear profit. You're not even an investor, so your comment is taken with a grain of salt. Stockdale was a small gamble for them. They have so much of the existing tenement that they're currently mining to explore too, plus money for other acquisitions.
Ann: Quarterly Activities and Cashflow Report, page-108
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