Massive impairment charge?With Perkoa pretty much gone gone a massive impairment charge seems likely. I guess the webcast said that Trevali plans to sell Perkoa? With reserves gone it will likely be given away as was Santander. No one wants a mine with no reserves. Trevali took a large impairment charge ahead of selling Santander. Trevali is still carrying $369M in plant and eqipment on it's books. Much of that is probably Perkoa. It is looking more and more likely that Trevali will be a one mine operation in 2023. With interest costs doubling to $20M per year. Interest & G & A could amount to $30M in 2023 which could = .50 per pound if RP produces 60M pounds. 2023 looks like a breakeven year and IF financing can be arranged TV will enter 2024 with $200M in debt. Glencore has bled this company dry. Currently Glencore is receiving $1.00(.65 from hedge + .35 from TCs) per pound for every pound of zinc Caribou produces and Trevali is receiving .90($1.25 - .35TCs). Glencore stands to make $60M from Caribou in 2022 and Trevali stands to make nothing. Now we know why Trevali is $1.40 even though zinc has soared. A higher zinc price means little if there is no production.