play the odds

If I were a betting man, I'd give this bad boy about a 5% chance of being around come Jan '09, if somebody hasn't come along and snapped them up at 5 cents a share or so.

You have:

1) Poor visibility with respect to production costs
2) Limited visibility on the metallurgy at Punitaqui (ore may be more widely disseminated at depth (in terms of grade) than originally thought)
3) Obvious delays with respect to any exploration and development of other tenements, until they get Chile functional at 3k tpd or higher, and
4) A copper price that is dropping fast, as speculative funds reposition out of commodities.

All in all, this one is looking more and more like a lottery ticket, I'm afraid.