So Chappy, in response to your other concern you are in fact saying that the collective wisdom of the market should be all knowing at all times and that it should correctly price in the true worth of every company at all times.

That is NOT what I'm saying. The market is raising concerns as it is showing us consitently lower values for the past year and a half. I think it has become predictable given its record over that time. I would expect it to be wrong some times, maybe most times but not all the time. That leads me to dig deeper to try and see what it might be seeing that I'm not. There have been some big sells in the last few years - presumably from some folks that may have significantly more weath and experience than I. What are they thinking? Don't they like money?

Conversely, I'd be foolish to think that I'm right all the time and see everything for what it is. DD is not a one shot excercise but is a ongoing task made all that more important when the SP heads in the exact opposite direction to what your analysis tells you.

That all speaks for any investment. For Copper Fox specifically, the repeated delays and sometimes irrational developments (like the 2012 drilling season and the FS that got killed at the 11th hr+ last spring) should be giving everyone pause. On top of that, we have an Agreement that even Elmer stammers with occasionally. This is only a done deal we get that all important NR of a decision from Teck.

You do your DD and I'll do mine. Just don't ridicule folks for the discussion.