no doudt the Global slowdown well hurt the equity market but also has caused large producers to slow down taking production of copper,silver and pm off the market. Recent strikes in Chile and Peru:s largest mines also took supply off the market while governments are taxing commodities leaving their Countries again taking supply off the market. Look back to my Oct post of the LME ex the copper inventory has drop by 100,000 tns as of Friday. This at a time markets got sold off and the financial system melted down. Copper is seen as a recession ore being sold off in Global slowdown as we see with the price drop but yet the inventory keeps dropping. Qatar,Russia and India are holding World sporting events within the next 2 to 5 yrs which means $ billions well be spent on infrastructure with India holding two events. India must build transmission stations,air ports complete cities all requiring tons of copper. Asian Analyst see copper on the WWW.LME.COM down to 6 wk supply by second QTR with prices reaching $ 8.00 lb by 3 rd qtr. PS"Puma is sitting in a sweet spot here, close to two smelters, mills and owns all the property to the National highway making for easy development with possible open pit potential..............setting a good base price here at $ 0.27 ,.without prejudice Traps7