Ann: Diggers and Dealers Presentation , page-4

good to see the PON knocking on the $10/pound door last night. First upwards movement in the LME stock levels for weeks of 444 tonnes, but for one day to signal a trend reversal is unlikely. 116000 tonnes in storage still historically quite high.

Resumption of production at Sudbury likely will halt the slide in stock levels when the product makes it through to the market. Hopefully this will coincide with some improvements in Euro demand.

Regardless, anywhere north of $7/pound will see WSA making respectable amounts of hard cash and handing out some chunky dividends I suspect.