RE:RE:RE:RE:RE:RE:RE:RE:Sedar Filings Sniff, sniff, you guys smell that? I smell a WAGER!
Hummm.... Mich, OILS said they have roughly a million in work in progress as of Q4 2020 in the MD&A. Q1 2021 is complete, so they have a Revenue number that could be close to another million.
I'll take that bet but let's say 1.5 million for Q1?
Kawabonga wrote: You cannot include expenses for processing other inventory than the one that was sold. That 700k+ cost of sales was only for the sale of the 235k concentrate inventory.
You cannot process 2 tons of material (let's say they can only process 2 tons of material at once, not less than 2 tons), sell a part of it and associate the cost of processing 2 tons to the fraction you sold. That would mean next time you sell, you manipulate your margins.
So it really cost 700k+ to sell 235k.
Apart from the fact you see me as a hater, you gotta take this objectively. That "in the black" comment was probably removed because it is not true. You'll see quite soon enough.
I called less than 1M revenues and cash burn for Q4. You guys just bashed my comments because they were troll like but the reality is I was right on the money (loss:).
Check this out, I'm calling less than 2M revenue for the whole of Q1 with 0/flat/ negative gross profit. I'm also calling a dilution/ money raise in the next 3 months (which I called the last time I trolled this board.).
This company is not as lean as you claim it to be. It burns 1M/ Quarter with no sales. The moment it makes more sales/ it will burn more. That's why the gross margin will still be sh*t.