They made it clear that they will review their capital spending,...

They made it clear that they will review their capital spending, and it usually makes more sense to just not spend on projects that aren’t under construction rather than cut spending on than those that are. Hence where my speculation that James Bay will be delayed comes from. I hope I’m wrong and worrying about nothing, but that’s where I see potential leadership failures.

This is the view I worry they will take, and I disagree with it. As long as the spod is profitable they don’t need to take it all the way to chemical conversion. Yearly product at James Bay nameplate could generate hundreds of millions in profit on the spot market/auction. It’s also the key leaver if Spod price rises dramatically again.