in preopen shareholder update, page-9

the company has made previous reference to where they see cash costs. this may have blown out a bit for this year due to production shortfalls and the plant problems however if you look at the ERA report
( http://www.apexminerals.com.au/reports/AXM30March2009(KGoode).pdf )
and their forecasts it factors in higher than expected cash costs for 09 reducing back down to the targeted range in 2010.


personally from reading the ERA report and from what the company has told us I see everything being as expected. I also don't believe management coul acurately release cash costs when they've only had one full uninterupted month of production and the plant is still being optimised.