RE:RE:Past Expectations Still Haunt..In his presentation he did state that we have costs of $80 dollars per ton to produce the diamonds. WE have an average grade of 2.05 carats per ton. $80 canadian divided by 2.05 is 39.02 per carat canadian or $31.60 per carat. Even at $75 US per carat that is $43.39 profit per carat. If you want to keep it in tons and canadian dollars. just take $80 dollars away from any of the average dollars per ton in any given sales period and you will see this is a very profitable mine that can meet all of its financial commitments, but unfortunately in his haste PE had accepted ridiculous cash reserve demands by the bank. Basically the bank wants to get paid all of their money and interest but also want MPVD to set aside nearly half of the loan facility on top of all these payments aside in case the sky falls in the first year of production. Dave also mentioned that the bank is aware that the demands are too strenuous even with a profitable mine. for one think a deal ahs been renogotiated and an announvcement is iminent. My forecast for the third quater is .15 cents per share before ebitda .