Is Karara now profitable ??, page-68

From there website
Although Gindalbie retains its investment in the Karara Project, based on current price forecasts and KML’s very significant gearing levels, the Company does not currently anticipate that the Karara Project will deliver a positive financial return to Gindalbie’s shareholders in the foreseeable future.
My question is , we own 48% of Karara, can someone please explain to me are we paying 48% of the bills / running costs.
Mr Kmcconkey, I would like to hear your thoughts on any future between Karara & GBG.