Ann: Quarterly Activities Report , page-10

also they have increased the ore stock pile - it cost money to stockpile the ore and the revenue is not generated untill it is processed for the gold

"Operatinq cashflow was also impacted by lower mined grades in November 2009 and ore stock build up ahead of the
mill upgrade. Cash and bullion on hand totalled A$28.4 million. "

Still operating costs even taking into consideration the accelerated ammortisation of CAPEX and extra ore inventory was excessively high IMHO so I have relinquished a few of my shares as short term better trading oportunities elsewhere
Long term looks good although the Murchison drill results were hardly spectacular with the exception of Lena.

So much for all the chartists predictions on this stock