Only the ounces of ore stocks are shown in the quarterlies. In...

Only the ounces of ore stocks are shown in the quarterlies. In the annual report, the value but not the ounces are shown. Therefore not easy to get a clear understanding. In June ounces were 19014 and the value in the annual report was $A 5977k = $ 314 per ounce. June 23 gives similar numbers. In other words, the quarterlies were misleading - by using 19000 of contained gold you get the impression there is a lot of value....

The drop from ~ 19 k ounces to ~ 4k ounces will partly be due to toll production, but I think it also means increased transparency....which is a good thing. They are showing lower volumes of contained gold stocks so that the reader doesn't think there is vast value in the stockpiles - which there never was. Quarterlies don't get audited but annual financial statements do.

What a crock to show 19000 ounces of contained gold and then value the pile at $ 314 per ounce. I see this down ward statement of contained gold ounces as an attempt to report more accurately.