low grade through mill?

ASX Release 30 April 2013
Quarterly Report, March 2013

"For the three month period, the Gravity plant processed a total of 13,985 tonnes of ore for an estimated 196 ounces and recovery of 59%, which equates to approximately 50% above originally budgeted 40% recovery."

Im new to understanding grades.

I was going to invest in CDG, but I could not find any where recent grades of au mined.

196 ounces at 59% is 332 ounces in the ore. 332 times 30 is roughly 9950 grams so with 13,985t into the plant thats a grade of 0.7g/t au.

Are my sums right?