Yes they've been profitable at the minesite during July/Aug - hopefully admin costs are under control although legal costs would have been a problem this quarter - but it's still a fair way back as Current Liabilities at 30June were $22.9mil compared with Current Assets of $11.3mil before the capital raising of $3.8mil - the story is however looking better and hopefully they've discovered a decent copper deposit in Vic although two or three majors have been over that ground previously.
At least this is one gold minnow heading in the right direction.
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Anthony Noble, MD & CEO
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