Ann: Promontorio Resource Estimate Completed , page-6

Not sure if it is totally profit taking. People may have been looking at historical estimates of 1,000,000 tonne of copper @ 4.0% and then seen only 500,000 tonne of copper @ 4.7% ... people may have been waiting for a significant increase on the 1,000,000 tonne estimate and been disapointed with only 500,000 tonne. Reality is that this is only the initial estimate and will more than likely be increased over time.

What will be interesting is how they manage their cash over the next 12 months and what dilution needs to occur to finance the operation (if any)