Ann: Apex Shareholder Update - April Production , page-3

re: Ann: Apex Shareholder Update - April Prod... i think you missed this part sp,

"Wiluna achieved a major milestone in April having reached its initial gold production rate target of
120,000 ounces per annum and as a result commencing commercial production. Accordingly, as of
1st April, gold sales and operating costs will be shown in the Income and Expenditure statement
whereas all revenue and expenses up to this date have been capitalised."


to me that means all costs to date were high as expected in the commissioning of a plant. now that commercial production has been achieved the company can accurately define, report and account for cash costs associated with production.


regards
Davo