On Cobalt, most current values are high teens without a successful Cameia well. CIE will probably be up again today.
t the end of 3Q, CIE had $1.62 billion of cash on hand, fully funding the exploration program through 2013. On a risked basis, this program supports an NAV of $17/sh, with substantial unrisked upside (above $40/sh) if exploration is successful over the next 2 years. We will adjust our risked NAV once the Cameia well flow tests are complete.