Nevada Copper Corp NEVDQ

RE:RE: "The government of Panama has rejected

[bogfit]

The truth is that it hurts badly any and every time I've lost on an investment.  That's why I try so hard to avoid them.   I learned from ol' Ben that saving a penny is a penny earned. Avoiding a loss is just and sometimes more important than making a gain.  I started investing in gold and gold miners April 2002, and at the end of the year had lost 40% of my stock portfolio.  I made mistakes, but rather than seek to place blame elsewhere, I recognized what I did wrong, and instead of tucking my tail between my legs recognizing it as a loss; I accounted it as a business expense, i.e., tuition.  
 
The truth is I’d rather be right than rich, as money doesn’t hold any particular appeal for me.  What would I do with it anyway, way out here on salt flat in the middle of Nowhere.  I run my computer on a solar-charged battery, so no electronic doodads or gadgets would work anyway.  I don’t never see nobody except when I go to town once a month for supplies and to fill the 50-gal water tank in the back of my pickup, so there’s little need for pretense or putting on airs.  Why did you think I had time to write all this nonsense?

I’ve told you before that this company’s risk/reward ratio didn’t meet the criteria for risking my capital.  However I did recognize the value in the reserves and still content that domestic sources of copper will be of primary interest.  We are seeing the beginning of mining properties overseas being squeezed for money to meet the local domestic needs of subsidizing food and energy supplies.  You will not be able to operate a mine in a land of starving people.  It’s that simple, and no national government will allow the extraction of its resources to continue as before when their people are hungry.

Global precipitation patterns will continue to alter in terms of time of seasonal weather effects and distribution.  Both flood and drought will become common, and both destructive of local food production.   However, while drought is rarely carried by the news outlets as are major floods as seen in Pakistan this year, the devastating effects upon hunger is immense. 

I have maintained for ten years now that Pumpkin Hollow has the distinct advantage of being to a large extent invulnerable to climate change.  You could double the precipitation and it would still be classified as desert.  You could halve it while no more alfalfa fields but there will be plenty of water for the mine and supporting community.  Those attributes or advantages have not changed, becoming more evident over the last decade, and are only now slowly becoming understood.

But thanks for asking.

b.