Then there's the speculation on what's going on behind the scenes at Xstrata, one of the world's largest mining conglomerates. The rumour in London late Wednesday was 35 per cent shareholder Glencore International, a huge commodity trader, will have to sell at least a portion of its Xstrata position to meet margin calls. Losing Glencore as a backer would have enormous strategic implications for Xstrata, owner of much of the Sudbury nickel basin, and the rest of the mining industry. I recall in the conversation with DR. Nash, he thought that they could mine the McWatters for $ 40.+ a ton in comparison to $ 100. a ton at the Red Stone..Traps7