It is this dilemma that keeps me long and strong regardless of 30% drop from $0.50.  If you have faith in the 12/19/2007 NR, then it is highly likely that they have the components in place for imminent success at La Yesca.

Specifically: 

'The Company (has) achieved limited test production runs over short stints during the initial startup and commissioning of the new plant. Recent changes involved alterations to the milling and leaching equipment and enhancing the material flow; further additional experimentation with the metallurgical processes have been undertaken.  UC hired a new Canadian plant manager, new metallurgists support, a chemical engineer, and a new chemist. With the addition of these new staff members, the test-work has progressed.  UC has also retained a process management consultant to assist the commissioning phase as soon as possible’. 

'The Company has been running numerous tests at UC's new laboratory installation in Guadalajara.  The purchase of the necessary laboratory equipment is almost complete, including the addition of a new atomic absorption unit. With this latter addition to the lab, UC now will have the ability to complete its own chemical analysis at various points in the plant flow, in a much more timely and efficient manner. UC will no longer need to rely on outsourcing the analysis during this critical commissioning phase at La Yesca.   The Company expects to commit further funds to this process but is confident that La Yesca will meet the original profit expectations the acquisition was based on. 

I anticipate that this could be the kick-off for SP recovery prior to the end of the first quarter however it could be the Copalquin - La Soledad 43-101 report due sometime soon. 

To paraphrase the 12/19/2007 NR again:

'A complete review of all data required for the mostly completed 43-101 has revealed some data gaps on the property package so the Company plans a 2 phase program over the coming months with phase one now almost completed.  Phase two should commence mid Q1 2008 and once the drilling is well underway (10-15 pierce points), an independent engineering firm will be brought in to evaluate the resource as it stands, and provide a preliminary report on the resource size and grade, so that all requirements for a resource are met.' 

I recognize that these time lines are nebulous but the ambiguities may be there as a result of lessons learned over the past two years when target dates were exceeded and we, the stake / share holders were denied updates and insight into their challenges.  Now we have AG as an IR forum and I encourage each of you to ask the hard questions of management so that we have all of the facts in real time.  

The McFaulds play looks genuine to me, and Jim’s resignation from SPQ and commitment to UC combined with Neil Novac’s resignation from UC and commitment to SPQ appears to be a natural and logical reordering of the expertise to make our JV option a workable strategy for exploration and the development of a 43-101 report there also.  I do not expect that to be complete in the near term, however this does not mean that the hype and enthusiasm generated by the many different players at McFaulds will not drive the SP up.   

I am a bit more of an investor in probabilities rather than a speculator of human behavior but, like you say, I will take the SP growth from whatever source, whenever it occurs.  However, I endeavor to discount the DE hype and re-report the true value of UC in each of these plays.