RE: RE: RE: RE: RE: RE: RE: RE: RE: Repriced warra In it's last quarterly report Cline mentioned they planned on producing 1.7 million tons in 2012 with operating expenditures of $125 million. I doubt the company will hit the production numbers so I would expect the op ex number to be less than $125 million. How much less I don't know as it depends on how much of the op ex is variable based on production. I'm sure there is probably a significant fixed cost in that figure for equipment, staff, etc that you have to pay for whether you are producing 1 ton or 1.7 million tons.