The AISC $900 or maybe $800 will be reached after the cutback is...

The AISC $900 or maybe $800 will be reached after the cutback is completed. For the current quarter we should see something like 1150, December even higher. Maybe current quarter costs can be lowered because we in dry season in February and March.

Troy used to have 4 sources of ore, Smarts 3 (more than 3 g/t), Smarts 4 (slightly below Smarts 3), Hicks (1.8 g/t) and the ROM pad (1.4 g/t currently, but there is a mix of grades). Smarts 4 seems to be mined out, Smarts 3 is as good as ever but dangerous to mine without the cutback. Leaves Troy with only Hicks and the ROM pad until the cutback is completed, which will not take that long but will consume cash while at the same time there is need for cash to develop OC.

The bottleneck here is the mill, the grades from Hicks are just too low for the tonnage the mill can handle. Mining-wise Troy could have probably produce 25-30k quarterly because strip ratios are really low now.