Ann: Quarterly Activities Report, page-5

Costs per oz. were affected by the flooding. Rarely does WA see this much rain in such a short period, especially away from the SW corner. The wildflower blooms resulting were reportedly spectacular, the best in 40 years. Most of WA is desert or semi desert, with WRX pretty much in the borderline desert category. Costs were spread over lower production from unusable haulage roads and flooding in some shafts and opencuts. The regular costs are a bit below the international median for costs per oz. of gold producers. The only bonanza grades are at Rover, but a lot of capital is required to kick that one off, so its on the back burner just now. An upside is the reasonably good grades in such large intersects in various drills up north.
About half a years production is hedged at around the current price, providing crash insurance but not a long wait for profits if the gold price escalates.
Teething problems at restarting Fortnum are par for the course with such projects.
Imagine however the red tape with a completely new mine. The latest iron ore mine at Pilbara required four thousand licenses. Yep, four thousand. Has this country gone mad?