Chart - MCR, page-871

Yes, that is why he was ramping PAN at 37 (now 12.5). Always nice to have someone that can ramp everything except MCR, then gloat about MCR when everything including (but not particularly MCR) falls. He never owns up to ramping of POS, PAN, TRY, MBN (a complete wipeout) etc at multiples of the current prices.

We will see how the MCR sp performs as the ramp up completes over the next quarter or two. Multiple mines and responsibility only to the concentrator greatly reduces risk. Good grades lead to good margins.

EL