Ann: Quarterly Activities Report, page-3

Hmm, looking at the World Gold Council site a while back, and they say the global average gold miner AISC is about $1400 US. That is way above WGX figure of about A$1400. This would put WGX in the third quartile most likely, of cost levels. Above the midpoint is of course where you don't want to be, and given the relatively high wages and conditions in Australian mining, on a comparative basis, likely very high, when mines in China, Africa, Latin America etc are paying relative peanuts. Likely we are much more mechanised, but you need to be running a fairly tight ship to make sure this hums. Cost wise this is now a competitive operation, even given the capital going into Big Bell.