RE:RE:operation income/loss if all things equal
They are likely to have to book a loss for the Bralorne mine sale, because they have spent so much money on it, even though in reality their share price already reflect that. E.g. when they bought it in 2014, their share price was $2. The issuing of 2.6m of shares is a price of 5.6m, plus the debt they inherited, plus the initial investment of 2.66m, plus the exploration expenses. Its sale is unlikely to be profitable, at least from the perspective of the book, even though it has already been over reflected in the share price. E.g. if they had not issued the 2.6m shares to the original Bralorne holders, and they were to issue them today, they would probably be able to get around 1.8m. Therefore, the deal isn't that bad at all, because in reality, they traded those 2.6m shares, which only worth 1.8m today for 2/3 of the Bralorne mine, which is worth 13m today. I think the real issue here is that they don't provide 2020 guidance and they only have an internal guidance and they kept telling you that they are meeting their own secret guidance. It is like they are marking their own report card. They don't set a target for themselves and they tell you that they met the target. You can always meet the target if you don't have one.