Mining Costs Correction

I entered $627 when I should have entered $672, resulting in a lower than anticipated average realized price for fiscal 2013. That number, should the average realized price of gold remain steady and the company be able to finance itself to 100koz. of production should be ~$1630/oz. We have been seeing this average realized price over Q1.

These numbers are mostly speculative.

It remains to be seen what the true cost per ounce has been for fiscal 2012 as it has not been reported. The company has until August 30 to come up with a financial report for the end of fiscal 2012 which was on April 30, 2012.

-F6