Ann: Quarterly Activities and Cash Flow Report , page-2

re: Ann: Quarterly Activities and Cash Flow R... ouch !

production costs around $82/tonne, admin costs $5/tonne, production 1 boat short, and using low grade to catch up. bit early in the season to be running out of high grade. we've got 2 wet quarters to look forward to, with 12 to 16 cyclones forecast off the north coast (double normal average) - they needed to be ahead of the game september 1/4, instead they are behind. they'll have to drive this one hard to get traction.