mk upstaged again, page-6

update CSM looking good to triple Ni output to 10 Kt over next year, with costs down below $4/ pound. with $4 / pound profit that is 88 mil EBIT - huge cash flow.

Mn price now stable as is Coobina Chromium.

Price for Zn + Cu soaring - JML 33% ownership a real bonus.

with planned Ni increases and prices holding into 2007 there should be a re rating into $4 range. l hold.