Your RM understanding jives. You make some good points.

"Sanz says mining will begin at LC in 2009"

This sticks in the craw though. It is mid April 2009. I don't think so Sanz. The only thing I can see this meaning is there may be some resolution as to who will mine LC.

The other thing that always jumps out at me with comments like this is how many people have said that one should never take these Vz politicians at thier spoken public word. Don't make a move until it is signed, sealed, and delivered. I think many can agree to that. This comment may well have been some off the cuff remark, who knows.

As far as the bondholder issue, you have some interesting comment regarding putting Vz in the picture, could be a good game of chess going on.