"Base Metals - While it’s too early to get back in on them except in a few selective equity plays, I continue to believe that metals like copper not falling even close to past major lows, continues to suggest the great supplies of metals once around the world is no longer a key bearish factor. The fact that so many mines shut down so fast and most of the best projects have already been well-developed, [my underline] suggests when the world does recover from this spiraling deflation, base metals can come roaring back. Stay tuned."

Although Spider Resources and the other ROF plays do not have a mine, they have not shut down their exploration activities. Exploration continues with NOT, FWR, SPW-KWG, and UC Resources all actively involved in drilling, about-to-be drilling, and 43-101s. They know there's a 'Voisey Bay" opportunity on the James Bay Lowlands. Another big nickel/copper hit along with more assays of chromite and PGEs are setting up the Ring of Fire to potentially be a huge newsmaker in 2009-2010.

If you are invested in these stocks, stay patient.

All IMHO

Snug