Ann: December Quarterly Report , page-4

Ill take the open price

Simple one really,
Production number is very low, over half the year gone and not even half way on year guidance

Producing less than BEFORE we owned Lihir and started spending telephone book numbers on Cadia epansion, so the entire suite isnt deliving despite huge investments over the last few years, represented by debt

Speaking of expansion,,,,,here is the milstone, "on time on budget" now "within 8PC of budget" so thats a costblowout...

Cadia contining to ramp up to 31/1, but was supposed to be producing 1/1. so thats not ontime

Most importantly, making same POG AUD it did last year as an unhedged business, but costs, again contiue to rise QTR on QTR and YOY and its producing less.........