Isn't GBG profitable now?, page-14

All of the above is very true, but how can "any Management" have possibly foreseen the collapse of the metric tonne price of Ore. It wasn't that long ago that the spot 62% IO price was hovering around $100. If KML was up and running (at the capacity it's currently running at now), GBG would be making some really good profit dollars and the share price would be 10X the current stock price.

Having said that, as none of us have a crystal ball, the IO price has recovered significantly in the current quarter and if the trajectory continues (and GBG can survive financially for another year or so), there is a likelihood that it will become cash flow positive sooner rather than later.