Some positives and some negatives in the quarterly report. Ore...

Some positives and some negatives in the quarterly report. Ore shipments have improved, however they have only shipped 150,000t in April compared to the planned 180,000t. The price they received for the product (A$105) is also lower than predicted which is of concern. I have no doubt that the shipping volumes will rise over the dry season but given the problems encountered during the previous wet season management may have to revisit their predictions for shipments during the next wet.

I am also concerned that no ore reserve has been announced for the DSO, how much of the published resource is economically mineable??