KCN 3.34% $1.86 kingsgate consolidated limited.

- Staff hired up-front for at least 1 plant (so expenses run...

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    - Staff hired up-front for at least 1 plant (so expenses run quite full from get-go).
    - First months of start-up would have low production, as expected. (loss making, with staff costs up front).
    - Then a few months of profit.
    - Then later months of the half having low production due to low grades, due to mining ore seeming to be behind schedule.

    So that explains the lack of profit. It is expected for the earliest months of start-up to be loss making, then we reached profit, then lack of mining held us back.


    - As soon as they process some proper ore, we jump to profit.
    - As soon as plant 2 starts, we jump to higher profit.

    Better be soon though - I don't want to be pushing the limits of the short term financing.
 
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