The $500 seems high to me.

It use to be around $300 but is probably different now. That is why SNC is doing an update I believe. The $300 was based on 20,000 tone a day so if do 40,000 to 60,000 the cost will go down. I would be surprised if the cost comes in above $400 and I can see it coming in under $300 depending on the amount of ore they process a day.

Even if the $500 is correct we still have lots of profit and tax losses.