Isn't GBG profitable now?

Since the last Quarterly, management noted they were working on further cutting costs.
Given IO price has gone back to a price which better represents current IO market supply / demand conditions and upside with China, how much profit will now GBG generate?
No wonder why the share price has skyrocketed, its still living and now profitable selling premium product with a low AUD.

I hope management gets better at communicating its progress.