improving, page-13

beans - re $700 OPEX - this is a projection, not current costs. They are operating at a cashflow neutral position, so i take that as OPEX + cap improvements = cash inflows. They are spending all they are earning, yet the whole time they are improving the plant with tinkerings here and there. The contingency plans for the cash is to be placed to one side just in case something blows, or a major pause in production occurs.

$700 OPEX assumes they get the grades up. This, apparently, is already happening.

Time will tell i guess.