Ann: Quarterly Activities and Cashflow Report , page-15

Silver price on Kitco at the moment is $22.88AUD.

So everything is very line ball at the moment - they need to get up to 200k ounce - which they are projecting in the next 2-3 months. But they need the price of silver to come up as well, which is the real constraint.

It's amazing what a difference 12 months can make. This time last year, the POS was $9-$10 higher - basically the profit for the company.

There is plenty of resource and the prospects for expansion look good. They are working hard at reducing their cash cost. I think I missed it, but has lead recovery been factored in yet?

It's just all a bit line ball at the moment.