Re: Had you picked a blue-chip stock from the S&P 500, chances are you'd be up 50% or so over the past year.

Only 2 out of about 30 of my S&P 500 stocks are up 50% or more. Achieving great returns isn't as easy as you make it sound like.

As other have pointed out, we are mostly feeling the affects of a depressed sector. There are many examples in our sector like CUU which dropped 80% from it's all time high. But almost no one has an average cost anywhere near the $2.75 - my average cost varies from $1.02 to $0.77 depending on my account. So, yes I'm in the red as well.

The fundamentals remain:

1. We have a JV with Tech who will pay all future exporation costs

2. We will not have face further dilution, we are over 65% owned by insiders so we don't have to worry about a low-ball offer

3. Copper prices have risen from their lows to around $3.28

4. Copper inventories continue to drop on all the major warehouses. With COMEX at their lowest levels in over 5 years.

5. We know that our BFS has lots of potential to be made much better in 3 or 4 major ways (increased pit size, improve recoveries, moving inferred waste rock to production, and increased processing tonnage per day).

I'm sure others can add other important fundamental points.