CRS 4.17% 2.5¢ caprice resources ltd

gold stock at bottom, page-13

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    re: ** gold stock at bottom I think the $470 for the quarter was due to high stripping costs in a new area or something like that. I haven't re-read the report but it seemed the that production will increase in the June quarter and costs fall back. I agree withe the comments re the A$. It's killing Australian gold producers. The other worry with CRS is the cash reserves. They made some sort of open-ended statement about how cash will be under pressure again during the next quarter. Cash dropped by about 5-6mill last quarter. That's huge for them.
 
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