Not what any of us retailers want to read and hear about in these economic hardships. Refer to page 34 in the latest MD & A Sedar, all the talk about the DFS at La Balsa is surely on the back burner. I sure hope Bell Copper weathers this storm...

Capital Resources

"The Company believes the current challenging conditions in the capital marketplace will make it more difficult and time consuming than normal for companies at its stage of development to secure additional funding. The Company is therefore pursuing a number of other means to raise additional capital, principally through strategic partnerships and the sale of certain of the Company’s assets.

There is a risk that in early 2009 the Company could have insufficient cash to operate its business if it is unable to secure further funding. The Company has reduced, and will continue to reduce, its expenses and to defer capital outlays in order to extend the period it can operate utilizing its existing cash balances.

However such reductions and deferrals may not be sufficient to allow the Company to continue in business unless it is able to obtain further cash to fund its operations. Should the Company be unable to obtain additional funding in a timely manner, it would have to severely curtail its activities and their can be no assurances that the Company will be able to continue in business."