Ann: Quarterly Activities and Cashflow Report, page-19

I wish they had shown Q on Q... not just '9 months to date'. But a bit of cut and paste



What surprises me is production is up 10% over top of guidance, and then, of course, the cash cost is down up to 10%. And share price has not moved. And I will assume price of gold much nicer in this Q compared to the Jan/Feb/Mar last year.

Sep Q matches most to March Q re 'mining'. And all metrics in Sep Q just 'a bit better'.

Can someone explain to me some questions (since I am not a gold miner)

0) is DMT (unit) equivalent to BCM (unit)
1) for this Q, does ore milled just become a subset of ore mined - is 218k BCM more than 129k DMT
2) if 1) is yes, how can in June Q can there be 31k ore mined, but 138k ore milled (prev stockpiles?)
3) if the price of gold went way up, are the tails (I guess leftovers, that means) re-millable to obtain more gold
4) why are royalties per oz less in this Q
5) Is the head grade of 2 g/t repeatable through the mine life
6) the recovery was better this Q than March; is that to be expected going forward
7) given almost 7.5k recovered this Q, is there any reason to 'not hope for' 30k pa going forward
8) if ore mined is more then ore milled, does that mean a stock pile of high grade (2 g/t) is being built up; is the operation mining more dirt than it can mill