cash costs, page-4

You need to remember that the initial rate of production is 120,000oz pa rising to 200,000oz pa. The plan as reported many times is for Wiluna plant to produce 200,000oz pa - 100,000oz pa from Wiluna mine, 50,000oz pa from Wilsons mine and 50,000oz pa from Youanmi mine. The longer term target is 500,000oz pa. The former rate of production is targeted to be reached FY1011. The cost of production in the $560 range has always been based on reaching a production rate of 200,000oz pa. Apex would seem to be on track to this target.