Ann: Update on Financing and Production, page-34

Spec,
When you say "last quarter" I think you mean June quarter. June quarter was only 80% throughput and average 40% recovery so there is absolutely no point trying to make a comparison. We still await the figures for the September quarter but we were informed that the recovery rate at the end of September was 54.3%. 100% throughput at a recovery rate of 54.3% should produce about 982 oz of gold and 8122 oz of silver which is considerably more than what we are going to get for the next 23 weeks. So we have gone backwards considerably.

Their previous targets for next year which were only set recently are Au 58 Koz pa and Ag 480Koz which translate to Au 1,114 oz and Ag 9230 oz per week - why are we are miles away from these ?? Even the new March target of 1000 oz is well below these. We need an explanation - bigtime.