And that's the million dollar question Janti.Don't forget that...

And that's the million dollar question Janti.

Don't forget that since the end of the last quarter, CCU should be continuing to push down the per ounce cost from their end. We are halfway through the next quarter now. And a while back (December?) they were talking about getting the lead circuit up and running in January. These are the things CCU can do something about, the metal price is totally out of their hands.

A sticking point for me is the apparent lack of progress on further exploration. If they could extend the mine life out to say 20 years then it gives them more latitude to renegotiate on the loan term.