I am sure we could debate the key aspects of the mining industry over good drinks at the PDAC or one of those memorable drinking spots that make the exploration and mining industry so interesting- there is something about the rough and tumble of exploration that makes for good friends and good times!
One point is that the writedowns are a way for the big boys to manipulate their bonuses - they take a bigger than required writedown now for exceptional earnings a few years later= which for many means much bigger bonuses !
It is interesting to note that the industry is being lead by the financial types and not the engineers or geologists= but some of the financial guys do understand the mining industry and what matters!
We at least agree that NCU wll make us some serious $$$= just takes time! like later this year!