production doesn't mean profit. I do think the mining will be...

production doesn't mean profit.

I do think the mining will be profitable with the grades they are supposed to be feeding , but that hasn't been proven yet.
this Q should give an indication, but the next Q should be a full Q of new ore.

until they can show the mining ops will run at a profit people will be nervous, the yearly showed 1o mil in trade and other payables plus the 10 mil note is still off in the not to distant future.

So even if they generate good cash from the current mining ops, it will be needed to pay what they owe.

As it stands I hope a good run with the current ore will clear the 10 mill in payables and put them in a good position to pay the notes.

If drilling added more ore (of comparable grade) to the current open pit plan, then it might get exciting.