In terms of the uranium market, we certainly believe that we are in an environment of a lower price for a longer period of time. We certainly had expected the price to rebound by now, but certain global conditions are making that challenging. There is a glut in the global supply of uranium right now that is holding prices low, partially because of the situation in Japan with the number of Japanese reactors that are no longer in operation, and also the decision in Germany to get out of nuclear power.
We certainly see the long-term fundamentals of the market being much stronger. One of the interesting things about our industry is that we are looking 10 to 20 years into the future in terms of contracting requirements. There is a significant number of new-build nuclear reactors occurring around the world. China has 24 reactors, new builds, under way. India has six. There are other places where there are new reactors being built. We also see, certainly, the potential for a number of those Japanese nuclear power plants to come back online. The long-term fundamentals of the industry we certainly believe are strong.
In terms of our own situation, we are a financially stable company. We continue to look for efficiencies given, as I said, the lower for longer situation that we are in.