How did you come to $16m?I get $17m+ just from the copper, being...

How did you come to $16m?

I get $17m+ just from the copper, being 1951t at the average weighted price of $8,875/t (taken as the most recently advised copper hedge price - ann 27/05/13).

Then add the 2.5m grams of silver, haven't checked the hedged price on that yet.

I haven't taken any costs into consideration so maybe ignore the silver, but we have to assume costs are substantially lower than the previosuly advised $3.89/lb (last qtr - from memory).