re: Ann: Quarterly Activities and Cash flow R... Well let's be fair.
The operating profit is $A1.2M for this quarter, but the USD currency exchange impact for this quarter is $A900K, otherwise, the company should be making over $2M profit for this quarter. It's out of the company control and all the oz miners are suffering at the moment.
Also on page 7 under the Financial section, it said at the end of September, there were 5934oz gold in the unbroken ore and sitting in the developed stopes.. plus 993oz of gold in ore stocks on the surface (ROM pad & crushed ore)... So the company can actually dig lots of ore, but it has bottle neck in the processing.....I think these ore will quickly turn in to gold in this quarter.
If this bottle neck remove, they could achieve the 32,000 oz target for calendar 2009.
re: Ann: Quarterly Activities and Cash flow R... Well let's be...
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