that given how long we've waited, having gone through the Ortega fiasco and with everything we've heard over the past few days, that we are not going to be mining LC. I hope that I am wrong, but I think that both KRY and GRZ are getting the boot. It's hard to believe, but the evidence seems overwhelming. If Hugo wanted us to mine we would already be mining.

As far as their starting to mine in 09 goes, I don't think it's a problem. It just depends on the scale of the initial operations. They said they would start. They didn't say they would be in full production.

Maybe VZ will offer a decent settlement. Maybe they think (as Doug Belanger said) that clause nineteen can let them weazel out of it in KRY's case. I hope that we can indeed take this to international arb. and ask for a just settlement based on the real value of LC. We might then see a reasonable settlement offer from VZ.

Maybe it's a misunderstanding. Maybe it will play out in some other way. But I have to call it as I see it.