move this stock to a point where somebody would consider taking it over. For a micro-cap uranium play, Forum is a good one to look at considering its project and its partner. TER: The other part of the energy market is thermal and metallurgical coal used in steel production. What have those two markets been doing? ML: We tend to follow more of the met coal market. The weakness in the natural gas price, particularly in the U.S., has hurt thermal coal producers, especially in Appalachia, where there are somewhat higher costs. We think the thermal coal market will see some recovery over the next couple of years because it's not just the U.S. that uses thermal coal. Far more thermal coal is used in China than in the U.S. The high-cost producers have been affected the most as thermal prices have been hit as much as 20?30% in the last three to four months. That's made a difference to the bottom lines and investment analysts' view of that sector. The same thing has happened in the met coal market. Because Chinese steel prices, particularly in China, have gone down 20% in the last three months, iron ore has gone down 20%, putting downward pressure on the met coal price because the biggest steel market in the world is China. On the Australian market, the price has gone from $225/ton (t) down to $175/t. We think that this is probably the bottom of the market for steel, iron ore and