Good post. I couldn't agree more.
I must admit I almost felled for the hype about the Cu grade but decided the SP was way too frothy (and beyond logic) to buy because the downside would have been devastating even if the drilling results disappointed modestly (let alone the VERY disappointing result we now see - a low grade and relatively small size resource by world standard).
On the other end of the hype scale, I reckon a Copper play that is tremendously undervalued and has significant upside is SRL. In a few months time, it will have $800 M in the bank after divesting it's coal assets and has a string of JVs in place with other base metal exploration companies (operating here and asia) where it earns a majority revenue.
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