cre underferforming as expected-prod falling, page-2

Have to agree with fitnfam that Campaign 8 results from CRE are disappointing and for CB to come out and state that CRE have had an outstanding quarter is taking spin to one stage beyond the pale.

The following are the results from all campaigns conducted to date by CRE:
Campaign 1 - 27,251 oz from 570,078 tons of ore.
Campaign 2 - 22,658 oz from 614,612 tons of ore.
Campaign 3 - 23,274 oz from 625,839 tons of ore.
Campaign 4 - 25,662 oz from 652,321 tons of ore.
Campaign 5 - 19,291 oz from 562,015 tons of ore.
Campaign 6 - 14.918 oz from 418,853 tons of ore.
Campaign 7 - 23,871 oz from 570,488 tons of ore.
Campaign 8 - 21,915 oz from 504,288 tons of ore.

Ore haulage to Granny Smith for Campaign 8 is the second worst on record, with the worst in Campaign 6 being impacted by flooding associated with Cyclone Dianne.

Adding further insult to the Campaign 8 figures is the fact that on 22 July CRE announced that they had 450,000 tons of ore stockpiled on the Granny Smith ROM pad ready for use in Campaign 8.

On these figures, CRE in the 39 days of Campaign 8 managed
to haul 54,288 tons of ore to Granny Smith in a so called haulage operation which as part of the OPA is purported to have to operate 24 hours per day, 7 days per week.

Believe the figures not only speak for themselves, but also note that Campaign 9 will only be of 32 days and not the 50 the OPA is supposed to provide.