"...Putting together with CVG a socially, environmental and cooperative deal at USD 400/oz is a lot different than renegotiating a deal at USD 930/oz irrespective of so-called delays at the desk of the Environment Minister. Put your hands up those that are in business, understand business or have an inkling of an idea what "over the barrel" means? KRY as a publically quoted company now has one option - Las Cristinas."

Teutracker....that is absolutely correct. I never liked Cottin's response when queried about how KRY would respond to a revised deal giving them a minority stake...He said something to the effect that "they (management) hadn't thought about it". Gee....I'm thinking about it as an investor...one would think management would have a better answer than that....although one has to be politically correct on the public record...especially when one's fate is in the hands of a coca chewing dictator. We all know the real risks and the potential reward with this stock. We also are well aware of the time line. I believe many faithfull longs that have held this stock much longer than I are starting to look at the opportunity costs of holding "dead money" in a gold bull market. The "permit at any time" mantra is wearing thin these days. As far as "dead money" goes...we need to be mindful that it is not just KRY that has been unfairly depressed this pass year...the juniors in general have suffered this fate. With no permit....well you know. As I've said before...notwithstanding the size of the Las Cristinas reserve...I give Hugo 2-1\2 months to put up or shut up and then I move on to safer, greener (more capitalist friendly climes). I disagree that Socialists make the best Capitalists. Granted...they may be able to use their political clout to take the profit (and productivity) out of KRY (and other companies\industries) by re-doing the deal....but ultimately it will only ensure that Venezuela ends up on the economic trash heap of failed Socialist experiments...with Cuba and sadly (given the candidates we see....especially in the democratic camp) with the U.S.A. I see myself as being a realist (what others would characterize as being a pessimest). Oddly, I am still optimistic about KRY getting a good (acceptable) deal within 2 1\2 months. As far as $3\share post permit....I strongly disagree with that. I feel the reserves are simply too great and the demand by majors to acquire too high. Double that (and then some) and you're in the ballpark....until the buyout.