Thank you, gentlemen.
I want to ask a few questions. I know Cameco is the largest uranium producer in the world. Actually, the first time I saw yellowcake is about 10 years ago, in Chalk River. Since then, gradually I have come to understand and have learned that the nuclear industry can provide society with very stable, reliable and clean energy.
Right now, the uranium market worldwide is experiencing a very serious downturn in price. I had a quick look at your second quarter financial report and found the company had a loss of about $57 million for the second quarter only.
In your opinion, how do you see the price of uranium trending in the near future? With such historically low commodity prices, how can the company survive? That's probably a typical question for most mining companies. What is the near-term solution for the company? Do you want to lower your production, or do you want to cut jobs, or do you want to identify some investors with fresh capital?
On investment, in your opinion, what will the tipping point be at which investors will show interest to begin investing in your company or the mining industry?