Searchlight Resources Inc (SCLTF)

[crossbow]

Just received this from Bob Meister as a result of my message to him that we needed a release of information to let stockholders know what CNYCF is doing, or not doing. I'm not going to slam him for trying. Looks tough out there:



Hello John,

I feel your pain and I agree we need some positive PR however in these markets it is tough to get any attention any ways. We are working on a number of solutions but as I mentioned it is difficult to find the right solution in these hard economic times that have put a HUGE strain on resource stocks (see below).

The issue is us finding a solution that will bring value to the company for our shareholders. WE ARE working on a number of solutions, but these things are very hard to nail down at the best of times. Trust me when I say that we are all working very hard to ensure that Canyon Copper has the best opportunity of success.

Thank you for your support.

Bob



Some examples of Copper companies and their share price charts

Copper Mountain: High of $4.53 just 6 months ago to $1.51 today





First Quantum: High of $24.90 to $14.65 (today)





Revett: High of $3.85, today $0.69




Nevada Copper: (Nevada copper company with a good resource)

High of $4.02 and $2.090 today (it was $6.40 2 years ago)





THE ONLY BRIGHT LIGHT IN THE COPPER SECTOR HAS BEEN COLORADO RESOURCES.

-a brand new copper discovery with good grades (not unlike CNYCF), but as soon as their 2nd set of results came out they were hammered back down and are now drifting farther and farther back down.

-It is good because it has provided a single bright light in the copper sector, it will just matter now if they can sustain any of their gains.