Sure. The market has been very challenging, as you see in the prices and the supply and demand. I think this is probably one of the longest down cycles we've ever experienced in the mining industry. What's somewhat scary about it is that a lot of the analysts got it wrong and thought that by now things would have turned around. That hasn't been the case.
There is a lot of uncertainty in terms of the world, such as what's going to happen in China and so forth. It does cause companies like ours to have to come up with ways to be competitive and profitable, both in down cycles and in up cycles. You could usually rely on the cycle to be about three years, down and up, and we simply can't do that anymore.
It is incumbent upon us to work together with government to make sure that we can be successful in both the down and the up cycles. In terms of what's going to happen in the market, I have no idea. The hope is that things will start to rebound quickly. We are focused on being as competitive as we can as we try to weather through this cycle with our other industry partners.