bsumisu, I'm not sure where you're coming from?
Production costs for the Sep qtr were $34m, Dec $33m, Mar $41m.
Production figures were Sep 253t, Dec 741t and Mar 1,089t.
Looks like a high element of fixed costs there.
Just taking Dec and Mar, as you suggest, we see that an extra $8m of expenses give an extra 348t of production, or $23/kg.
What were you looking at? COP for Mar coming down from Dec's $44.5/kg to $37.4/kg? But we'd expect higher costs in the Dec qtr 'cos of all the stuffing around with the pipes.
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