EL,I never said anything about a reduction in costs and am aware...

EL,

I never said anything about a reduction in costs and am aware output will ultimately drive the AIC. However, as you have stated, I believe the costs will either increase or stay inflated due to general cost increases.

My biggest concerns are (by-credits) and where the company misses output forecasts (their track record has not been very encouraging in my opinion).

for example, as mentioned previously, cobalt is down about 40% from their forecast and if this does not recover then it will impact costs.

Bottom line, company should not be in a position where things are this tight and should be operating where they can account for shortfalls, change in commodity prices and or black swan events.