the agreement with Hindustan was that there would be a...

the agreement with Hindustan was that there would be a sufficient return, to me it does look like revenues are low (not getting market price) and production cost is obviously high. Why is the production cost this high, will it come down with the new fixed assets they've put in?

they need to stop the exploration spend on the zinc ground, 800k for the quarter with 1mn in the bank is just stupid.

only real positive I see in this report is access to bank debt, not many penny dreadfuls are in that position. Indian bankers are pretty smart, perhaps they can see they're in a decent position to turn things around.