John,

Perhaps my numbers are a bit optimistic, but like you said, we'll have to wait and see how the metal by-product credits fall at McWatters.

I agree on fuel prices. It would be nice to see mining companies, especially LBE get some relief on fuel prices. Several more days of declining oil prices like today would be most welcome.

Though we are in a long term bull market with respect to oil, I think that prices have risen far too fast in the past several months. For this reason retracement and consolidation are long overdue IMO.

As we all know, the Middle East seems to be a powder keg at present, and anything could happen. The overriding factors governing us and our markets, I believe, are fear and uncertainty .

Best

S