Interesting Question - What's Churchill Mining worth if they lose?

Simplicity the value of cash plus other holding at the point in time that their claim is not progressing/failed.

So if it's this Nay, there's about 3 pence currently.  If it's any point thereafter I'd say a penny or thereabouts but the important part is those in before March 2012 should now be free carry. If you're not then more fool you as there's been plenty of opportunity to make significant money; even the most foolish of traders can/could have made 200% (2fold) on Churchill Mining and have significant stake/shares left. If this is not the case and you're holding out, then there's no point in even being worried about the failure as you'll just write it off.

For many, there came a perfect opportunity trade twice in the recent spike and the third time it will pay to sit tight and relax; well that's what I'm doing until post the Jurisdictional Issues (read as clarification).

Trade as and when you feel its necessary but don't rush to buy back. We've been fairly open about removing the significant risk and taking a large % of the profit. This does not mean I am not confident about the May Jurisdiction Issues or end result, more that as a prudent investor you have to take profits. Not sit there waiting for people to tell you what to do whilst it goes up and down.