Ann: Quarterly Activities and Cashflow Reports , page-3

re: Ann: Quarterly Activities and Cashflow Re... from the update 26th March, I can formed up the following view:

Based on what has been reported as trammed then ounces produced for March Qtr could top up at approx 9,500oz. If that is indeed correct, my assumptions as follows;

Tonnes 95887
head grade 3.6
recovery 78.00%
Ounces 9505

Last quarter delivered 6,259

Actual result;
Tonnes 83629
head grade 3.6
recovery 79.2%
Ounces 7404

Not impressed that these guys have turned it around just yet. 18% production improvement on December with 12% increase in costs.