I think I need to recognise that they have already started drilling in North Pit to evaluate possible underground development so have provided for this expenditure to be written-off. Also added a minor amount to Admin costs recognising they opened a Melbourne office at the beginning of the year.
Revenues 193
Cost of sales (136)
Gross Profit 57
Admin costs (3)
Exploration expend (4)
Net finance income 5
NET PROFIT 55
Half Yearly P&L, page-2
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