Question-and-Answer Session
Operator
(Operator instructions) And we have on line John Bridges with JP Morgan, please go ahead.
Frank McAllister
Hi, John.
Ankush Agarwal – JP Morgan
Hi, Frank, Greg. This is Ankush Agarwal.
Frank McAllister
Ankush, how are you doing?
Ankush Agarwal – JP Morgan
Good thanks. How are you?
Frank McAllister
Good.
Ankush Agarwal – JP Morgan
I have two questions. First one is more of a clarification regarding the byproduct revenues the way they are reported, so please if you could just confirm that now you're reporting the byproduct credits as a part of the revenue while earlier they were deducted from the operating costs and the income statement.
Frank McAllister
That is correct. That is exactly what is taking place, Ankush.
Ankush Agarwal – JP Morgan
And they're still being deducted from cash costs reported on a per ounce and per ton basis?
Frank McAllister
That’s correct.
Ankush Agarwal – JP Morgan
Okay. Great, thanks. And then secondly, assuming the auto contracts remain intact until 2010 and given where the spot pricing is, do you expect to – did you expect to do any further restructuring before the end of 2010, or have you now reached steady state that is cash flow neutral?
Frank McAllister
We are at a steady state that is cash flow neutral at our current prices. Obviously if the price were to slip, to add back, we might have to come back and revisit that. We would expect probably from this time forward that there are two or three things that are going to affect those prices. First of all, and I didn't speak to it very greatly in my comments, but if you see the gold prices, the gold prices hovered between $900 and $1,000, currently at about $925, $935, something like that today, $920 I guess today. It appears that platinum and gold are both kind of trading as precious metals, they're kind of the place where people put money in questionable times and so to a certain?
Operator
And Mr. McAllister, you are connected, please go ahead.
Frank McAllister
Okay, Ankush, I apologize for that. We had a heavy spring snow here today and I'm sure that some of the power lines are getting cut so we had a momentary bump in the power. I apologize. Ankush, are you still on?
Ankush Agarwal – JP Morgan
Yes, I am.
Frank McAllister
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