be careful, page-13

talking up previous quarter's costs in relation to current and future shareprice IS downramping, whatever you reckon. the company will trade on future costs, not previous ones. What do you suppose the company do to raise cash that will significantly expand their operations? Wait for it to fall out of the sky?? Why not have a growth strategy considering most if not all economic indicators and market commentators are pointing to a higher gold price in the short/medium term.

Net increase/(decrease) in cash held
(20,452) (year to date ....
(1,020) (current 1/4)looks like the cash situation is improving to me....)

Estimated cash outflows for next quarter
$A’000
4.1 Exploration and evaluation 1,200
4.2 Development -
Total
1,200

and ...

"tonnages will continue to increase over the next quarter as more sub levels on ore are established, and stoping commences."

Go and tell the world that their costs will be some imaginary number, and some may believe you... We'll find out in around 2 3/4 months.