I had a look at the December 17 quarter and to me these guy's...

I had a look at the December 17 quarter and to me these guy's look like they're starting become profitable

See below my simplistic analysis of the numbers. It looked to me that they paid down some debt last quarter  (663,000) which downplayed the bottom line.

Am I reading this correctly?

DescriptionColumn2Dec 17 Qtr actual

	Column 1	Column 2	Column 3
0	Coal (tons)	1 mth	44,513.67
1	Coal (tons)	3 months	133,541
2	Sales per month (avrge)		$ 3,280,000
3	Sales for 1/4		$ 9,840,000
4	Sales per annum  (based on Dec 1/4)		$   39,360,000
5	Production cost 1/4		$ 8,478,000
6	$ per ton		$   74
7	Costs per ton		$ 63.49
8	Profit per ton		$ 10.20
9	% profit per ton		13.84%
10	Profit on annual turnover		$ 5,448,000
11	return per share		$    0.01528
12	N° Shares		356,500,000
13	Current share price		$ 0.013
14	% profit on share		118%