Ann: Change in substantial holding, page-30

Companies tend to tell you a lot about the good stuff and what they are doing well, this is also often used as a strategy to redirect attention away from other areas - it's not dishonest if you don't tell........It's the stuff they don't tell you about that you need to worry about....I don't think many believe that if ore can be delivered to the mill it won't improve grade, it's getting the ore to the mill that would appear to be the problem....Last year the company made a big thing about development yards and how well the company was progressing. Now very little is mentioned on this subject and the budget is blown.... my guess would be the two are connected......What this means for costs going forward is the unresolved question.