1 - operational issues, that I believe could have been resolved...

1 - operational issues, that I believe could have been resolved through different management. I don't believe the ground was the issue...and we now have new management
2 - Correct, you can't use those costs...hence why I said that costs have also increased considerably. I believe the gold price has increased disproportionately to cists.
3- Last quarter they lost money, and Greenfield's may not turn a profit due to the rock hardness and the associated processing issues. However, I believe the project will be net cash flow positive.

There is no doubt that the company was run at a loss previously. You don't shutter profitable operations. However, my point was and is that the assets are ok if managed correctly.