Ann: Quarterly Activities and Cashflow Report, page-181

Yes JB has 7million shares, even more reason why he should step down as MD and the company appoint a seasoned leader with proven production and expansion experience to profitability. 12M losses already incurred would have paid for a DMS circuit.

Even with improved production numbers (should that be the case but we are kept guessing once again) the company needs a new direction to get to stage 2 effectively and then stage 3.

With the current elevated ore price, if we were at sustained nameplate production the share price would easily be north of $3, the opportunity cost here is to high to keep with the status quo