Ann: Hong Kong Dual Listing, page-287

So you don't remember those conversations we had about the new IFRIC standards for inventory which in the 2014 annual report stood at $11 141 000 for the end of June and couple that with audited stockpiles of 866 065 tonne @ 1.45% gives us mining costs of 42.44 cents per pound using recoveries of 95% thus far. Will this figure change with grade and depth of the pit? Of course it will but if they mine the 3 million tonne prior to processing that part of the C1 costs will be fixed for 12 months.