Couldn't be bothered to read all the comments, but quick flick and no-one has mentioned this company has been around a hell of a lot longer than I have. And I'm no spring chicken. Been plenty of mining boom and busts over the decades.
This is a minor bust in the scheme of things IMO. Recall BLY was around this level a few years ago (before the consolidation), and enjoyed riding it all the way back to $4. Two bucks may seem high today but doubt it will when US gets well and truly back on its feet, assisting Asia resume its march and Europe to resuscitate.
Astute shorters will win, pity that, but not the greedy fat ones.
BLY Price at posting:
66.0¢ Sentiment: LT Buy Disclosure: Held