has the big seller finally gone, page-19

I agree your point is valid to raise - I just think that if the issue was likely to be a problem in 08/09 then IDL would have given a hint of the risk possibility in their guidance.

Guess if it did come to your worst case scenario then the fine print of the contracts would be interesting. Some mines with high cost of production may slow or close, but if China is going to grow at 8-9% we can't exactly shut up shop. They will actually need mor ethan in 2007/08 - just not as much more as initially thought.

I think current price reflects a substantiale fear factor and IMHO sp less than $0.20 will look like a bargain from the perspective of 2 or 3 years time. I'm happy to double or triple my $ over that time frame.