DON expects more tonnage & thus lower per unit costs as Xstrata has ramped plans upwards.  At the same time more by-product has been sold to SAND.  Don't know how it all washes out but we seem to be still in a nice profitable area but somewhat on the edge should politicians tip us over into a global recession. Furthermore, Xstrata management more than likely will change as the new Glencore-Xstrata management team comes to fruition. Next six to nine months are extremely important as a lot of uncertainties resolve and DON begins to show what it can do.  Could be explosive on DON SP if the pieces fall in line.

Regards,

DrBill