One thing that ppl. might overlook is that in April, the grade was 16g/t. At this grade, mining costs fall to a mininimum basic cost, far below costs outlined in the PEA. The reason why I post the PEA numbers over and over again to show they are whimsical at best.

So when they say their costs/oz. are $908/oz. U.S., they are saying: 'There's a large chunk of money which we say was spent is actually not being used at all.'

As you can see, the figures in the news release are basically pulled out of a hat, while in the financial reports they are actually obliged to report these figures accurately.

Look at the grades for April in the news release, they differ wildly from the end of fiscal year report:

http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203235

Costs don't fluctuate as wildly as suggested in the end of fiscal year report. The higher the grade, the lower the cost. The numbers reported DO NOT meet with reality.