Hi EL,been reading through all the comments between you and...

Hi EL,
been reading through all the comments between you and milkman. I understand what he is trying to say.

To be fair, not sure would call your assumption a minor flaw. If indeed the company makes the concentrate difference in June Qtr to meet guidance that’s about 2,500t. $1 difference to cost represents approx $5.5million for the Qtr and a $2 difference is double that. I think your assumptions are too ambitious and surprising coming from you because generally you are quite conservative and I don’t mind that about you.

Reluctantly his correct. I would just stick to the information provided by the company and better to assume worse position as to date Qtr results have been disappointing and I really don’t think June Qtr is going to be any better. Either slight reduction or maybe even surprising the market with higher costs. By July you’re going to know regardless.