Ann: Cyanide Facility Completed , page-8

helen, go to each quarterly report, and on the first page, they give the production figures for the qtr:

Sept: 229,670
Dec: 209,671
Mar: 141,391
Jun: 122,738

Then go to the first page of the cash flow report, Appendix 5B, after the Activities report and look at the Payments for (c) production:

Sept: $5,560,000
Dec: $5,943,000
Mar: $6,859,000
Jun: $4,690,000

Divide the production costs by the ounces produced, and voila.

blake, it was a bit tongue in cheek. If the "critical step" of cyanide only drops the cash cost by a dollar an ounce, they must have some REALLY major critical steps to get to $15.

Undoubtably it is sound CAPEX, and so is the electricity (another $100k/month), and the new crusher - but they aren't, even according to the company's numbers from their 7th May presentation, going to bring it down to $15.42 (or, $17,89 per the preso).