guidance

On the guidance and the particularly the soft Dec and Mar quarters there is firstly the issue of wet season but also the scheduling of cutbacks to consider.

I think the softness is a combination of both. In other words, some of the softness will be due to an expectation of lessened of access to ore for the periods and lower grade blocks being mined.

Personally, I believe wet season performance will be good and better than their expectations but this will only be part of the equation.

Another issue is exactly how much of the grade / tonnes outperformance is factored into the guidance - probably not a lot.

So all in I'd suggest as with recent performance, the guidance is likely low end and in reality could easily be bettered.

Hopefully the quarterly will shed some more light on the specific issues.