The circumstances we are in are all exceptional...that could be the Boards defence for taking any action, though we haven't acted on re-listing or on getting a legitimate board! Seriously though yes at Union Hill we mined the East vein and discovered there were better grades in the west vein (could have been the other way around but I'm not going back to re-read the announcement) only to discover we really didn't know at all and the better grades weren't better. Yes we mined the mine incorrectly twice, if indeed we should have mined it at all. But shy of any drilling who would know. If we are putting through only 10,000 tonnes why aren't our costs coming down. Need more than a forensic accountant here, perhaps a doctor with a respirator and a defibrillator.
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held
