My interprtation of Webgogs is: he wants a deal now if a good one is available, but if none is, then cuu should be proceed as though we will mine. And it sounds to me like Elmer is on the same wavelength. He has clearly stated that they want to sell, not mine. But what do you do if you don't get an acceptable offer? Even good negotiating strategy requires that we not become desperate for a deal, any deal. So cuu has arranged for facilities at the port, and will proceed to work on roads and power per the management statement. You just have to keep plugging away. It's probably the best way to get a deal, and I agree with webgogs that we would be well rewarded if no deal showed up until the mine opens.

The other source of possible confusion is his take on geopolitical risk. Even if Elmer and co. do everything right, severe global economic problems would likely sink the stock price until the world gets better. I think there's something to what he's saying, but for me the risk of being out of cuu is greater than the risk that problems in the euro zone sink us. I'm more concerned about the US situation. I'm a US citizen but haven't invested in US companies for several years. I think Obama will keep things together through the summer, but I think our debt problems are huge, and people who want to go through the pain required to deal with them seem to be unelectable. Looks like nothing will be done until we end up like Greece, and who will be able or willing to bail us out? That would be the time to be out of the market.