rising gold price & slr, page-20

Hope all is well RB.
Les was pontificating when he mentioned the Div. It was a private conversation and it was in context of having $200m free cash flow. By my estimates that won't be achieved until into 2014 & 400koz prod. He just rattled off "$320 clear profit, less amortisation, less another $100m tax gives us $200 free cash" I am guessing that he was looking at 400,000oz at net $800 gives $320 etc. That is what I gather. If POG really takes off in the meantime, it might change things. Whether its 2013 or 2014 and 10cents or 20cents, the main thing I took out of it, is that clearly the Board must now be contemplating the prospect and that is a change.
As far as the copper goes, Les's comments were part of his presentation so I don't have anything more I can add. He talked about copper credits equaling $300 oz of gold in context of the higher cost of Murchison when compare to Kal. He did give the impression that he was expecting the copper resource to grow.
RB do you have any calcs regarding getting to the $150 oz credits?
Cheers
Paddyboy