There a fundamental perception that Mibam is going to go the JV route but it may not be so .Remember that Crystallex contract was VZ preferred way to go before the Russian fever.

Rusoro is losing credibility because the GRZ fiasco.

Raising financial resources outside the country will be very difficult given the financial crisis and that appalling history of VZ's debt repayments due to the depleting internal finances.

At this point they will have to rely on the individual companies to raise capitals and this is where the type of contract held by Kry will come in to play .Forget JV ,it is going to be to expensive to them because the participation into the initial cost.

Somebody has to do the work and for certain not the local , lacking expertise and money.

Kry "can " raise money for the project if VZ will be prepared to give a stability's guaranteed decision.

we will be mining LC ,""THE ONLY WAY"".