Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

Read the Appendix 5B re true cash position of $8.5m and not $12.5m.

It all depends on what they are calling “equivalents”, most likely playing cute with their GIC calculation.

Also from the appendix 5B, the AISC is being manipulated by not including development costs of Blue Bar, instead choosing to “amortise” (probably into next FY).

Given Blue Bar is such a small pit, the development costs must come into AISC calculations immediately but yet they kick it down the road for a better AISC this quarter.

Dont want to scare the natives do we before they pull another $3m from them?