Spiny,
I was told by RK that the $5.5 million was a combination of concentrate that had been processed but needed leaching and ore that had been trucked down to the mill site that hadn't been processed yet.
FWIW, RK told our table at the Broker Meeting it was probably more like $8 million, but PQ was being conservative using the $5.5 million figure. Take that with a grain of salt though because I was told a lot of things in those two meetings that have been proven clearly untrue.