don't blame the gfc...

...its management's fault.

This is the percentage of 2007/8 highs of a bunch of Cu stocks in the Mount Isa/Cloncurry region, ranging from explorers to producers (EXS is the closest benchmark imo). The utterly dismal performance of URL is due to the 500% blow out in shares issued near the bottom of the market - not the financial crisis, as they would have you believe.

IVA 185%
QMN 139%
GBZ 135%
CDU 129%
EXS 51%
SMD 49%
CYU 48%
ABY 38%
URL 9%