Jefferam and Gord. Read all of the info. The sgx investment is on the books @ $1.00. If that $12 M was included the profit would be in the $0.03-0.04 cent range. They are building a company for the long term, it doesn't come without spending. At least they include all costs in their price oz. The profit will come when the mining faces and development are built to match the new mill capacity of 2500 Tons. They still only mine 1600 tons per day and that leaves a lot of excess milling capacity.