Ann: March 2016 Quarterly Report-BDR.AX, page-4

Happy with this, they say they are ahead on their mine plan. The most promising aspect was the announcement that March was the wettest March on record... and still 38% more dirt moved than last year. Dealing with the wet has been the Achilles heel for so long, it seems MACA have finally resolved that.

Its been sold off post announcement, perhaps some were disappointed by the $900 AISC, but as they explain, this is due to the amount of stripping in prep for later in the year. Its a shame in their 2016 guidance they didn't give an estimate of costs and expected production for each quarter, it may not have taken the market by surprise... in saying that previous management did exactly this and never hit their guidance figures, so perhaps we just let these guys do it they way they want.