Ann: Quarterly Activities Report , page-30

I wonder how you come to the 2013 earnings especially compared to 2012. What do you expect for 2012?
Pem spent 11 Mio in the last quarter for Potosi and I´m sure there is still more to come this year before they can start the production and if not for this mine than for another one to keep the business running in the next years. With higher cash costs they indicated for 2013 compared to 2012 I don´t see your figures hence I don´t see p-e of 3,5