So last quarter we used 420k for admin, staff and mining. I have taken away the 800k for the new plant that we bought. So as our revenue increases we need to be doing 200k per month to be close to 200k profit for a quarter. That would be 2.5m for the year revenue. I would love to see us doing around 300k a month to allow a decent profit margin of close to 450k a quarter to start to allow freehill to do more exploration or even secure equipment so we can start to produce higher grade ore for another revenue stream. If we can hit 300k a month that would be 3.5m a year, that's still small but a giant leap from last year's suspension and an excellent position into a time of unprofitable stocks.
FHS Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
