sprott refinancing, page-19

Beachcomber: if judging by the cash cost CCU achieved in the last reported quarter ($22.80 / oz) against the current POS at $23.74, I would say 4.5c is fair price. But if CCU will be hitting cash cost of $19 / oz starting this month and production of 200oz per month as forecasted, 4.5c is ridiculously low. 22c would be the fair price if CCU starts hitting production and budget targets as claimed. Now all eyes are on Paterson regarding whether they are able to support CCU to stump up the remainder of the $8m. If that fails...then all bets could be off.