quarterly out, page-87

Max,

The numbers that I have quoted in each quarterly report are on the same basis . That is they are the tonnes that have made it to the stockpile.

Tonnes that have been blasted but are in-situ are exactly that. They have not yet made it to the stockpile.

To get a sensible view of what is progressing, a like for like comparison is needed.

Hey there is 30 million tonnes in situ! Big deal.

In the last quarter, 200,000 tonnes was added to the stockpile. Compare that to previous quarters and you can see they are improving. But don't get carried away with 1 mill tonnes when only half that is actually on the stockpile as officially reported.

I call it reality. With rose coloured glasses you can pick any other number that you like, but whats it worth compared to reality?