I'm not righting off financing La Balsa...it's just that 'HOPE' is not a viable investment strategy.

I'd have more faith when you write you've got a "sense" that a mid tier JV partner might step up to the plate if you'd expand on that. Please give us more than a 'feeling'.

Remember La Balsa is a relatively small property. The idea back 'in the day' was that it could generate sufficient cash flow so BL could go out and conquer the copper world.

Since most all copper stocks are still hugely depressed, why would a mid tier go for La Balsa?

You could pick up Mercator's Mineral Park mine -- right now producing over 25,000 tons of copper, moly and silver -- just up the road from Kabba for less than a tenth of its price last year. And Mineral Park is scheduled to go to 50,000 tpd next year.

In retrospect, these guys bit off far far more than they could chew. And, since they really didn't have a Plan B, some of those projects they picked up on in the last 18 months or so are already history.

Again, these guys are issuing stock every month just to pay bank interest charges!

Isn't that kinda like when the landlord knocks for his rent on your door, you trade him some furniture...just to buy a roof for another four weeks!

How long can that be kept up?

You either run out of sofas or finally get down to the stuff even the landlord doesn't want.

I really really hope I'm wrong, but the only scenario that I can see in front of me is for Kabba to make a discovery. And from an investment viewpoint, this is not where I want to be.

Didn't Bob Bishop used to say that "failure is the norm in exploration."

Tick, tock, tick, tock...