they started producing after long time so the cost will be higher initially but look at bigger picture like
10000 ounces gold x usd 1964 = 19.64m usd plus 2.2m silver, so our actual revenue is 21.84m usd but costs is 19m aud (reported) x 0.68 = USD 12.92m, so our profit 8.92m usd, first qtr I would say not bad.
they commencing mining this quarter.
Refub cost is 3.06m usd
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-18
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