Ann: Quarterly Activities Report , page-17

chick chick boom, Chooie

gold prod 21k oz gold sold 19koz, gold holdings increased to 5koz; up 2k on previous q if i remember rightly.

slight correction for you, forecast prod was 13m not 8m, perhaps you meant 8m over?

Funnily it has all being reported as positive in AFR. we mustn't be reading it right? As Pauljbo picked up on, there was a good point made on the tonnage being way over the 2011 monthly average forecast.

"Mine development continued at an aggressive rate during the quarter with record mine production of 151,412 tonnes at an average grade of 3.56g/t Au from the Tindals Underground Mine, including production of 60,300 tonnes at 4.8g/t for the month of December - well above the targeted monthly average of 45,000 tonnes for 2011."

Still a lot has been left unexplained on prod costs, at least it's clear as mud to me. It's no wonder we are being priced as a free carried explorer, not a producer. And with such big swings, how are we supposed to take the forecast costs seriously either.