This is my take:1. The project is not economic - no matter how...

This is my take:
1. The project is not economic - no matter how they cut the modelling and pricing - the previous finance appointment failures are testiment to that. The fact is, banks are not going to use an aggressively priced long run copper price. Would be lucky if the number was more than $2 a pound.
2.Ingram and his team therefore have to try firm up some better grades and reserves in an attempt to improve the project.
3. Points (1) and (2) above are again held by many others such as Xstrata and Co. who sit and do nothing since this project is not worth their time. Xstrata are hoping to find big SEEP reserves, but based on ther lack of exploration work or at least the incredible slow pace of things - it is not really something they care too much about.

The only time to make money is on a frenzy - as we had a few months back - but make sure you get out quickly since you can bet your bottom dollar
that this dog will crash to earth in a nasty way everytime. Simly short it on the way down if you can do that - I do not thing this stock can be shorted since it is basically worthless on the ASX.

I wish management would stop wasting our time and talking rubbish to us - simply stump up and state the facts - this project will probably never work unless long run copper prices used by banks are over $2.50 a pound, or unless we can inmprove our Copper Grade above 0.85%. Until then, nobody will stump up any cash, whether it be from the bank or private equity. I sure would not from what I can see. All I will do is trade this dog.