a note of caution, page-14

There was a foreign exchange loss of 12 million in there this quarter which will be a foreign exchange profit this quarter one would have to expect. plus they are deferring the loan repayment to next year. plus one of the equipment loans was retired last quarter. just can not think of what it was atm. plus i think that we will see far greater revenue this year due to increased through put with mine issues being fixed +improved excavator performance+ desliming plant operational+nitrate supply fixed+2nd crusher+high grading material. a nickel price above $7 would also be of great benefit. for them to become profitable on a fully charged basis they need C1 costs of $5.00 and a nickel price of $ 7.50.