I think a lot of folks will be like me and overdue for a liquidity event ASAP. I'm not doubling down just yet.

I would need to see something compelling about the Arizona properties and a little more substance around the water issue. The San Pedro River is the largest stream nearby and it isn't much of a supply http://www.panoramio.com/photo/56664392?source=wapi&referrer=kh.google.com and I would think that trickle of muddy water is spoken for one way or another as Metacomet has warned. It is over 10kms from the property as well.

If they they have aquifer under the property, do they have rights to that water? Any aquifer would likely be shared across a wide area involving a LOT of stakeholders.

The new properties are not on the CUU website and we know very little about what we have there. Bell Copper still has all the info on their site: http://www.bellcopper.net/s/Sombrero_Butte.asp?ReportID=300757.

At first blush, the suspected porphyry source sounds like it starts deep:

"[Bell Copper] will continue to test these numerous breccias as well as explore for the suspected deep seated porphyry source for the breccias."

http://www.bellcopper.net/s/Sombrero_Butte.asp?ReportID=300762