First of all interest expense was $27M last year, secondly all...

First of all interest expense was $27M last year, secondly all in cash costs don't include $94M capital cost on the mines and exploration of $7M. Just on these figures it would appear there losses would be quiet substantial even at this breakeven point that they stated. The carrying value on the b/s for the mine could vary depending upon interpretation but lets say its $1.7 billion dollars. Righting off $700-900M against this is value is very worrying and doesn't say a lot for value of the business going forward. Hopefully for holders all the bad news is priced but no matter how they spin it this is by no means an optimistic announcement.