That is where it lies

"When the wickets are slow, and required run-rate is not too high, that's when you calculate and play out a few overs thinking of a partnership. I feel that's where it lies as of now. We have quite a few batsmen who can do the job."I read the above interview at Rediff.com.What is the meaning of " that's where it lies as of now" and what does it refer in the excerpt? What does do the " that" and "it " refers to in the quoted phrase?I am trying to analyse sentences in terms of speech. Thank you in advance.ThanksJignesh