ann out, page-20

Thanks Loki,

was aware of the tax issue. I used a $800 margins thats what NG has in his Dec preso but in reality the cost of mining the stockpiled ore has already been expensed so other than plant/processing costs they will recoup most of the ~$1400 oz.

The thing to remember re accessing Maxwells, is that there is a mine plan and schedule for work.

Mine scheduling is a complex process for both OC and UG mines. Its about x resources going into y work to do to get the best possible outcome.

Its a very specialised area. Often you cannot do the thing you want because you have to something else that needs done beforehand.

In terms of maxwells ore, there is no point in ripping into maxwells with your airleg crews and cleaning that out, then having to wait 6 weeks with no ore to process while you develop towards kennys for example. Its about continuity of production.

Think something like this

Process the Stockpile for the next few weeks
Drive to Kennys
Get burns ready
When the stockpile is finished haul and stope maxwells
Then move straight to kenny's/Burns ensuring no delays in production.

You get the idea....