Pic- I never said that there was no concentrate. What I said is that the 30k tons is not concentrate. The 30k tons is what they have produced concentrate from, having removed ~20% of the gold, worth maybe $2M at most. So they do or did have true concentrate from which they should be able to smelt at most $2M in dore. Unfortunately, it took two years of milling at ~$150k/month mill expenses, or ~$3.6M, to do that (All numbers rough estimates based on what we've been given). Spending 2 years and $3.6M to produce less than $2M in revenue is pathetic and stupid. That's what I mean by the mill not running profitably.

I also never said that the mill is not running, or that there is no activity there, or that they are not adding a flotation system. All I said is that operating the mill will cost more than it produces in revenue until after they install the upgrades and get it running much more efficiently (preferably under someone other than CQ).