Feeling rather depressed about the events of late, I decided to...

Feeling rather depressed about the events of late, I decided to re-read the announcements from the last few days. I found the paragraph below.

"2010 is a milestone year for A1 with a maiden gold pour in March 2010 and the plant started running at designed capacity at the end of May 2010. During this time, the project has produced 150kg unrefined gold and silver providing $3.5m in revenue. Once waste stripping ahead of schedule is taken into account the projects cash operating costs are currently estimated at $700 per ounce."

I'm taking this as meaning that current cash costs are $700 per ounce at the 300 ounce per week production rate. I don't know why everyone has assumed the $700 refers to full production rate? but this is not the way I read it, has any asked A1?

Couldn't the extra money raised be required to expedite near plant exploration and be used for upgrades etc. rather than to save the company from insolvency?