Hi Potchip,What a dumb assessment, Just because the cash reduced...

Hi Potchip,

What a dumb assessment, Just because the cash reduced by US$500k, which is based on when shipment depart you think the projects a loss making,

You need to look at the production of concentrate to get a better indication of the success of the project, we all know ilmenite is shiped every 6 months, which makes the income lumpy for Tormin.

As I said, even with the dramas they had, it appears the production at Tormin was significantly increasing, But I am sure you understand this was the case. You are trying to find another angle to suit your narrative.

Anyway, the Ultra Galaxy has certainly caused a few more issues for MRC, it is good to see GMA garnet has increased the standstill on the loan.

@ChuckSImmo The project won't go to the Chinese, it will be taken over by GMA Garnet.