RE:RE:RE:Unrealized Loss Tiny in 2015 the dollar was aroud 1.384 CA to US 1 when we borrowed the original money to build the mine.
In 2016 the dollar was at 1.342 so we had an unreaized gain of $6,028,000 .
In 2017 the dollar was at 1.2571 and we retired the original loan which we borrowed at 1.384 and we ended up up with a $30,025,000 actual gain because we paid the money back at 1.2571 Ca for a gain of .127 cents on the dollar.
So here we are in 2018 at 1.3624 on the bonds we took out at 1.2571 so we have to show an unrealized loss of $30,035,000 un the remaining balance of the bonds. We haven't paid a cent of that loss because we haven't actually inccurred it. That money remains in our cash flow operations
The loss on the bonds that we did repurchase is already accounted for because we repaid them at the actual exchage rate of the day they were paid. We repaid $20,060,000 which cost us $26,366,000. If the dollar would have been the same it would have only cost us $25,217,000.