RE: operating costs 2.7 millkamchatkatravel,
The costs are not ok. G&A, stock based compensation etc are separate from that 2.7m expense. Exploration drilling was capitalized and shows only on balance sheet and cash flow statement.
That leaves us with $1 m unexplained costs. Oddly, I don't see depreciation anywhere. With $14m invested in mine and machinery and 3+ year mine life, they should be depreciating about $1 m per quarter. That's a perfect fit, but unfortunately it had to show in cash flow statement and that is not the case.
To me it seems there's an error or we have lost a million somewhere :)