I just listen to interview and the main take away from that was high cost stock working its way through the system which from an accounting perspective makes sense. At quarter end we have approximately $30M Australian in stock. So $90 plus $30M= $120M. The costs need to come down and come down dramatically next quarter. From an operational perspective we burned $14m which is $500 loss per Tonne times sales of 27k. They appear to be determined to pull down costs which is what I want to hear and Jaw crushing being commission at start of July will be another improvement. They're not an Altura where people externally can pull rug
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-148
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