CashI am trying to get my brain around Largo’s profitability. It seems to me that the best way to look at the numbers is to use Mark Smith’s adding the Maracas mine V2O5 costs/lb of -$3.50 to the other total cash company costs of -$1.00/lb and work on a $$4.50/lb total company cost/lb of doing business. That being the baseline break even point results in any V2O5 price above $4.50 is company cash in the bank. @ $7.50/lb there is a $3./lb profit for every lb sold. Thus, selling -25,000,000 lbs/year gives $75,000,000 profit. The cost numbers stay the same as V2O5 price escalates. @ $10.00/lb, cash profit is $137,5000,000, @$15.00/lb, cash profit is $262,500,000 and ( far reaching ) @ $20.00/lb cash profit is $387,500,000. These are all annual numbers based on meeting the annual 12,000 metric tonnes/year forecast, which actually gives tonnage of 26,600,000 lbs or another 1,600,000 lbs/year more than the above calculations If in the next 8 months or so we get a good ride up from the recent low V2O5 prices in the MB midpoint $6.00-7.00 range, there will be an additional remeasurement kicker due from Glencore. Please let me know if there is a simpler and/or better way to look at this. I welcome any and all input.