Nope! from May the plant is basically operating at steady state efficiency with all upgrades complete.. we haven't seen this reflected in the unit cost yet becuase the 3rd shipment didn't get out before June 30. From this point in time you have to assume the plant is operating at optimum efficiency and as the months pass by the high cost tonnes will be washed through and the margin will finally be there!
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-136
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