Ann: Quarterly Activities Report , page-5

2 diamonds
They are likely capitilising devolpment expenses. Look for the total cost figure or even the can cost figure to tell you the story . I can't see how they could turn a massive cash bleed into profitable prod over the space of a month . Sometimes it's good to cut through accounting definitions and look at group cashflow
Across at NAV , the gold company lost about 99% of its value , raised a huge amount of cash and debt that it burned and then they declared they made a profit ... Shareholders didn't know whether they should laugh or cry

Gdo unfortunately is very leveraged to the gold price and if the gold price doesn't hold over the next 2 years they will blow a lot of Value