Ann: Revenue Generation Recommences-KBL.AX, page-99

Yes - I don't really get the packet of biscuits until I pay for the packet of biscuits. At what point does KBL pay down the debt - is it out of revenue or profit? If the liability far outstrips what the mine is bringing in - how did they post a profit qtr in March? I know it all got chewed up in debt wiping.

Let me pose this another way -

What should the cash cost per ounce currently be if factoring all liability? Debt and operational liability.

Does the cash cost per ounce previously noted not include all operational liability minus the paying down of the noteholder and creditor debt? What should the cash cost be in your opinion, factoring everything in?

IMO the company isn't really profitable until the debt is cleared but, the paying down of the debt and the operational expenditure are being treated as different liabilities. I might be wrong but isn't the debt getting paid down out of profit after all other operational liabilities (forming the cash cost) are paid?

How is it structured otherwise?