I can only speculate using math as my reasoning. All of that equipment costs a LOT of money to run, maintain, and operate. Then the amount of man hours worked in Q4, the security guards, and number of people working there (even on a slow day). There are no inexpensive things going on. So if PCFG is not diluting like crazy, the money must come from somewhere right? Personally, I would not expand my operations expenses and scope by several multiples if there was not a good reason to, i.e. enough gold in the ground being extracted to justify all of the expenses.