I agree.
It seems to me that there will come a time where VMS will have proven up a large, high grade copper deposit and that fact alone will not be easily ignored. I'm not sure about the correction either, but I don't think I'd be going out on a limb to say that it might be over as early as this fall. I think it is generally accepted that demand for copper is going to remain high due to the developing nations that will require it for infrastructure etc. Countries like China, India, etc. where we are already looking at 2 billion or so people. Not quite sure how you can overlook that. Market sentiment is obviously another factor - summer doldrums being part of it. Call me an optimist, but if we see the typical fall rebound accompanied by more high grade copper results, I don't think $1+ is out of the question by the end of September. When the tide changes it is going to do so quickly and without much warning. That is the nature of the beast. Fundamentally we are looking at a better investment IMO than we were last fall. The only real negative over the past year as I see it is that we haven't yet found the source of mineralization.
Ask yourself where you think we would be price wise if the markets hadn't gone into the toilet a year or so ago. Valuations will have to correct at some point down the road. Sooner than later with any luck.
Cheers,
K