For What Ever It Is Worth
Hi Dale,
I can assure you that our management and operations team is working very hard to optimize the operations. With our contractors we have over 350 employees at site devoted to these projects. Start up operations are not without problems and we are working to fix these as they have been greater than expected. Our costs were higher as we just announced commercial production June 1, but as we said we expect these to decrease over time as throughput increases, we send higher grade material to the mill and once Cosmo is in production in mid-2011. We are still ramping up and expect improvement over time. Our mill performance has significantly improved since we began milling and now our main priorities are optimizing the operations, developing Cosmo and working through our exploration data to find additional near term targets.
If you have additional questions please let me know.
Regards,
Ashleigh Clelland
Manager, Investor Relations
Crocodile Gold