A whole bunch of various thoughts.

There are two new releases that I'm expecting in the next month or two that may help our share price. One is the Resource Estimate for the Van Dyke project in Arizona which according to the last news release is due on or before December 15th - which is only two weeks away. From reading other posts, it sounds like we are expecting a resource estimate in the Billions pounds of copper.

The other new release is another JV updates from Teck. While I'm disappointed with the lack of specifics in the last update on the SC project - I do need to remember that work is continuing and these things are not simple. As Elmer stated "More time is required to complete this work which may result in the need to collect additional information to finalize the optimization work". The work is still advancing. Plus I need to remember that Teck doesn't seem to like to publically release project details - To expect otherwise will likely only lead to disappointment. I don't like it but I need to accept that how it is. I think there is likely to be no in-between with SC - one day will be like today and then the next will be a production decision (or buy out).

I'm wondering if the low copper price is actually helpful to us longer term. As long as copper price remains in the low $3 range - there will not be many new projects moving forward. We know that our cash cost net of by-products is around $1.09 (I believe) which is before the optimizations. However, most other projects in the world have much higher costs. The world's largest copper producer has some severe cost challenges from higher labour costs, declining grades, and higher energy costs. See this "Chile’s mining sector to double energy demand by 2025" article. http://www.mining.com/chiles-mining-sector-to-double-energy-demand-by-2025-63345/. It seems like a poor investment for the

In many ways the good thing about our project is that we are NOT actually in production while copper prices are trending lower. The lower copper price doesn't hurt the economics until it actually producing. So I look at SC as a mine that will be ready to start building whenever the copper prices do improve. Fortunes have been made this way - being patient and hanging onto a product until the demand improves.

I see that at $0.14 our market cap is just $56.9 million (409 million shares @ 0.14). I believe that we have spent $80 million on exploring the SC. This means that the "market" has basically stated that we have added no value over the 7 years in spite of spending this money. Incredible when you consider that we have ownership in potentially three multi billion pound projects. Yes, our share price might drop more as markets become more irrational and other investors focus only on the share price. I like to remember and focus on the value that I preceive in the company and the potential for tremendous gains. I also need to remember that when the share price does rise that I have hanged on for a long time that I shouldn't be in a rush to sell everything as the share does rise. Have a plan for selling. In the meantime, let us wait for it to come to us.