Vorny - How do you account for your dramatic change of view...

Vorny - How do you account for your dramatic change of view considering in your previous post on UMC you wrote the following?

"I can't see umc in proucction in 2 years, with rio tinto mothballing expansion projects at Cape Lambert, stockpiles at both Dampier and Cape Lambert rising as well as BHP completing expansion projects, I just can't see much room for another producer in the near term future. Demand is is not skyrocketing anymore and cash to fund projects is very hard to come by. I think it will be more than a few years before any ore is removed."