Hi there.I'm assuming you mean the Stage 1B expansion? 'For...

Hi there.

I'm assuming you mean the Stage 1B expansion? '

For Stage 1A to be profitable it really depends what their cost of production comes down to and the price they can achieve per gram. My modelling assumes that Stage 1A's margins would be too low (as a result of scale) to support profitability. It is important to mention that excluding non-cash items the Stage 1A WOULD provide a positive cashflow on its own; so profitability (on paper) may actually depend on management's accounting treatment of non-cash items such as depreciation.

Hope that answers your question