q1 results should be out this week, page-5

Two points:

1. If you check last quarterly, first concentrate truck-load not delivered to HCL smelter until the end of December.
2. Second. We don't know what the credit terms for HCL are yet as we haven't seen the contract. They could be on three month terms?

I agree with Hip Hop that we won't really have a good handle on pricing structure with HCL until Setember quarter: starting to get a grip in June, but a good handle in September.

BUSH