Ann: Capital Initiatives , page-25

The sounds of people who would like a lower entry price for the cap raising.

As already mentioned you can only take into account costs during a steady state operation. You cannot just look at the financials during commissioning and major capital works and suggest to anybody that this is simply their recurring costs.

Their costs maybe high but to suggest 12M per qtr is representative of a steady operation with zero capital expenditure.

and to think CWTH bank modified the loan agreement based on $55 per oz???????????? definitely misleading comments coming thick and fast.