great result in hedging 15,500 tonnes at 9,009/tonne (4.08 /...

great result in hedging 15,500 tonnes at 9,009/tonne (4.08 / pound)

one thing i'm not getting regarding the C1 cash cost of 220 for the quarter. how come it includes deferred mining adjustment of 42c? That is deferred mining is allocated back from the balance sheet so what does it have to do with cash cost.

Taking off the 42c and adding in the royalties of 13 I estimated operating cash flow of $19M for the quarter, but I don't have much confidence in that number.

If Steven McClure returned calls, i'd probably ask him.