Ann: Lady Ida Completes and Appointment of New Director, page-81

Look at Pre-Strip costs. They will come down so will cash cost as not buying as much equipment. I think you would see almost $2,000/ounce coming off AISC so back to say $2k to $2.5k AISC. Gold AUD $4k-$2k AISC = $2k so 26k ounce for year at $2k = $52m profit. Very simplistic I know but you get the logic. We all need a good grade increase and production run with no weather issues and we will be a lock for a great year. I'm looking forward to the Resource and Reserves upgrade. Gold today AUD $3,845 so not far off the mark if the team can get the costs down.