General Discussion Topics, page-136960

That's right, Norbeto. We will only see the reduced cost from the capital improvements. The true value will be realized when sales guidance meets/exceeds nameplate and the optimal cost structure is achieved. Exceeding recoveries recently and also improving input grades does enable us to exceed the expectations in the DFS, which is value adding. None the less, each small improvement contributes to increasing the space between cost and sales price (or reducing the gap, if that is still the case)The most important thing right now though is our reduction in capital spend, I think we can all agree. Maintaining that cash balance. Number 1 priority. That's how PLS combats it's 20% shorts.