If I am reading the press release correctly one could assume that San Remo Resources was not able to convince investors to invest in VZ to meet the equity financing component of the sale. Not being able to raise the required financing resulted in a failure to meet TSX-V requirements therefore has null and void the deal. It also appears that Minecore who indicated that they are disappointed the deal failed are at the same time happy given gold prices have risen dramatically since the time the original deal was created resulting in an increase in value to shareholders. Hummm an increase in Gold and an increase in value and only one issue to deal with: VZ and the instability it creates causing investors to walk away. Is this what Mr. Chavez wants? Or is he creating future problems for the county through his policies? Or is it that he just does not care! Some food for thought as we try to figure Mr. Chavez out.

One final note. KRY at $2.00 must be grossly undervalved given the dramatic increase in Gold prices regardless of the increased cost to build and operate a mine. We see in KRY a very similar investor reaction to San Remo as such that investors are leary about putting up money in VZ given the political environment. Aw you say.....not so...KRY has 20M oz of the glitter at $1000 ounce and has completed all stages of the process and are only now waiting for the issuance of the permit to begin contruction!!!(this has taken many years to get to this point) AND word on the street once the permit is issued a major will take on the political risk and take out KRY. I think you may be correct...KRY and it's true value will be reflected when we finally get this mess cleared up and it still remains a matter of timing which I must admit has to close at hand. The new question is what will the ture value of KRY be? I will say this: it will be much higher then our current price. We must be close.....