The way I see it this is a positive development that brings us one huge leap closer to a positive resolution.

Now that Hugo has cleverly secured VZ's gold at rock bottom prices he needs someone to mine it for him..

I don't believe there will be any ICSID case filed and IMHO the permit will be issued soon to be followed by a bid to take us out to expediate the process of pouring some Gold. If I were Hugo I'd like to see some of those shiny Oz's from LC before I died...

Regardless of who mines the gold in LC, even if they break even on the 70% (high cost of doing business in VZ) there is still 5.1M oz (30% of the 17M) that needs to properly valued into KRY's SP.

Assuming KRY's current cash and equipment holdings negate the debt owed to the noteholders then the current valuation of those 5.1M oz's is $19.77/oz @ 0.34.

IMHO the minimum take over price is 3x-4x that.

Personally, I will take advantage of the frenzy that should follow once the permit is issued to get out of this saga as yes there are saner opportunities out there..

$2 does not look unattainable but as always, time will tell.