30 million off take, page-22

Yes, the company did make losses. However you are focussing on financials, not the assets themselves.

May I point out Whundo made over 20m profit, however was plowed back into further drilling and a cutback to expose the deeper fresh mineralisation.

Unfortunately the metallurgical testwork wasnt completed, and the fresh mineralisation had poor recoveries through the current plant configuration.

FXR has been miss-managed from the getgo, this nearly all former and current shareholders can agree. However Whundo was an example of poor planning and management, not the quality of the asset, nor does it reflect on the prospectivity of the tenements.