30 million off take, page-21

CUB,

Which resources have proved to be economic? My point is that to me "economic" means "profitable".

I know for a fact that for the last 7 years (forget the last 2 years as they stopped mining) they made in most years losses of over $10m. Now are those tenements they decided to mine "economic"?

I understand that the losses incurred included non-cash items such as depreciation and amortisation but at the end of the day, none of their operations were profitable.

Like I said previously, we can just agree to disagree.

:)
Nic