Nickel77,

I see this conversation going downhill but I should respond for clarifications sake.A number of months ago, in one of the reports produced by LBE, there were disclaimers saying the numbers in the resource calculations “have not demonstrated economic viability” (or something to that effect).I see comments like that as akin to “batteries not included or your mileage may vary” so I don’t take them too seriously. In the case of LBE however, those comments proved true. I say that, not because of production costs, but rather all associated costs were not included in that number. I draw your attention to the following comment.

“* This non-GAAP statistic includes mining, milling, transportation, smelting, refining, price participation and marketing costs but excludes mine depletion and operating asset amortization charges.”

It does beg the question. What is the true (all costs in) production cost per pound? It is certainly not the $5.17 number in the recent financial report.

Cheers

ebf