Ann: Quarterly Activities Report , page-6

BTW silver hedge coming off at the end of this year. According to MD Paul Ardnt "It will be a good situation for us, because other things being equal we'll be $10 to $15 million better off,". So $12.5 million would be about smack bang in the middle of that estimate, good on them for spending it now while asset prices are low instead of waiting for them to go up.