If we were still at $12 nickel, this would be a totally different company right now. We'd be drooling over the prospect of solid cash flow in the spring and awaiting a healthy spike in share price.

With the number of nickel mines shutting down and new mines being put on hold, this will certainly begin to have an impact on nickel inventories and then price... unless the global recession hits hard and demand falls appreciably. We wait and see.