Profits

What about we start a new thread with no personal insults, no blatant down ramping/up ramping without sound evidence, no management criticism/praise unless evidence is sound and definitely no word smiths that offer absolutely nothing to the discussion taking place.

We should focus on when profitability is likely to occur, if you don't think it ever will say it once and disappear, no frequent visits to keep pushing some agenda that is not relevant to your investment.

My first thoughts on profitability, still a bit hazy around MC but believe it will happen, not sure if it will be in the next 2 quarters, lots of once off costs in last quarterly that muddied the waters (not talking about the floods!) and not clear as to what costs to expect this quarter, except they will be considerably less.

Salaro not so, I believe it is already profitable.
From the last quarterly receipts were $7088 K, but 1/6 of the period there was no income due to the purchase being mid January. Extrapolating out this gives $8505 K if the whole period was available.
Cost was $8303 K and according to the report the whole month of January was expensed to EQR for some accounting reason in Spain.
Since the end of March, the APT price has increased about 10% so for the same production the revenue will be $9356, expect less costs due to following.

EQR expect that fine tuning the sorters will increase output and reduce cost, the low grade dump is now available as the performance of the sorters exceeded initial expectations and according to a recent report (can go back and find if needed as it was on another thread) the cost for the production from this is near zero. (From memory the Figure quoted for the total pile, without stating the time period, was $6 M to 8 M for practically nothing). So there should be very high confidence that Salaro is indeed profitable at present.