Right now the company needs 100% support from the people. It's fine to brow beat them when things are good and they screw up but lesson learned. With a potential JV in the wind we'd better put on a brave face and show support. I don't want them negotiating knowing there's a huge tide of angry investors waiting to skin them alive. Do what I did and take coin off the table. Be happy with a small return when it comes. Yup, you'll be taking a loss now but you mitigate a total wipe out should that come. The tea leaves are pointing towards a really harsh beat down in metal juniors beyond anything I've experienced. This one has the hope via the contract and the general desire to see it happen at the political level too. Anyone staying in just has to get their heads around the time frame. We will be discussing our next move at the AGM. I am certain we will be drilling and I am becoming more confident there will be a JV. If I get a JV I will buy a lot more on a regular basis. Building this mine will be one of the smartest moves Teck will have made in a very long time.

Something else to note. You will see smaller higher grade operations come into being. These will be mid tier companies and they will have to have very robust economics just to get money. Since they will be stand alone operations a good part of the profits will go into the capex. WRN is one of them but needs to have realistic numbers injected into the bfs. It should sell for $1.60-$2 in todays macro. There is a suitor doing dd. I'd expect a buy out in late summer. It also could be a JV for that miner. (I didn't get a name but I think I know who). After that we have to go down the list. There's not a lot of quality out here to be bought. Also, they will need a 10 year life at the min. Enviro issues will trump anything less (in copper). It won't be enough to have just copper either. You'll need gold and something else. Silver supplies are ramping up in Mexico where it's still cheaper to get at it than here despit some of the very nice finds. http://www.menafn.com/menafn/bce61241-3b1d-4f99-bdb4-1797d87ed32f/Abacus-Provides-Update-on-Ajax-CopperGold-Project-BC?src=main

You should take seriously that a bit over 100 applications are trying to be rushed through enviro causing a back log. I won't say why that is but you probably understand why this is the case. It is less about what they fear and more about what they know. Call a miner up and ask if they talk to all parties. Of the 8 proposed fast track, 2 have already dropped out of the running. They are taking too long.

Some of the challenges:

http://www.cbc.ca/news/canada/british-columbia/story/2013/03/15/bc-kitsault-mine-avanti-nisgaa.html

http://www.newswire.ca/en/story/1131721/managing-worker-mobility-key-to-meeting-bc-construction-needs

http://www.sunnewsnetwork.ca/sunnews/canada/archives/2013/03/20130319-080051.html

The Chinese used the labour issues to get the right to import cheap labour. If they win then all projects will do the same and ZERO dollars will come to BC from the resources. All tax dollars will go back in the form of power lines into the bush and roads. In addition, BC taxpayers will foot all the bills to maintain the infastructure. Our only profits will be via investing in the stocks.

This is a growing sentiment.