Good summary, Gil. One more thing that I think it is very important, the last line states that none of Rusoro's existing assets are to be contributed to the new mixed 50/50 enterprise. One fear raised by several bashers has been the terror of such a partnership but here the VZ are showing willingness to cooperate. If KRY is ever forced into a mixed co. it's difficult to say what that would look like exactly, and I realize that VZ owns 100% of the gold now and that KRY is contracted to mine it.

Here's the article from VHeadline:

Rusoro has agreed with the Venezuelan Ministry of Mines and Basic Industries ('MIBAM') to establish a mixed enterprise between Empresa de Produccion Social Minera Nacional C.A. (an indirect subsidiary of MIBAM) and Rusoro on a 50-50 basis (the 'Mixed Enterprise'). The Mixed Enterprise is expected to be formalized within the next 6 months and will carry on gold exploration, development and mining activities in the areas being acquired from Hecla. The Mixed Enterprise also creates an operating gold company for Rusoro and the Venezuelan government to examine further gold mining and development opportunities in the country for the benefit of all stakeholders. The definitive terms of the Mixed Enterprise remain to be finalized between MIBAM and Rusoro. Until such terms are finalized, Rusoro will own and operate the Hecla-Venezuela assets. None of Rusoro's existing assets, such as the Choco 10 Mine, are to be contributed to the Mixed Enterprise.