Make a case that it is overvalued at $16.50Make that case? It has around $3.50/share NET cash right now, at these prices for CU it is on target for 2006 earnings of around $3.50/share, it is adding production in Q4 with 100% owned less than zero/cents pound Duck Pond which will more than offset 30% owned Louvincourt, it has about 12 Billion pounds of reserves if you only count mines that will be in production in 2009/10, it has at least five development properties, it is trading for about 5 times trailing cashflow and 3 times forward cashflow when the sector average is well over 8. Buy, hold, and prosper.