As the article pointed out, the actual revenue would have been less than $33m.
I acknowledge that KBL have been successful with their exploration. However, the fundamental question that needs to be answered is whether they are operating at a profit? Until they publish their half year results, we won't know.
We know that revenue is in decline but have costs also decreased? If so, by how much?
A large resource is worthless unless you can produce from it at a profit. Mining economics 101!!
- Forums
- ASX - By Stock
- KBL
- Ann: Refinancing Update
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)