bcMetals Corp. (C.V)

They have a fairly substantial copper project in northwestern British Columbia. This copper project could go into production if there was power to it, but there’s no power. There is a proposal to the B.C. government to put up our line up into the northwest part of the province, which would be able to supply power to projects such as this. This has been going on for a long time. The speculation with this stock is that if the hydro power should go in, then this deposit is worth multiples of what the market cap of this company is. If the power line doesn't go in, the project is probably worth a fraction of what the stock is trading for. He is on the speculators side that says there’s a reasonable enough chance that the power line will ultimately go in, that somebody is going to pay attention to this thing and take it out. Lots of risk.

Declining in price and the lower it goes the happier he is as he can buy more of it. Own the Red Chris deposit in NW British Columbia, but the problem is that there is no power up there, so they can't put it into production unless the BC government puts a power line up. If power does not become available, the stock will go nowhere.