In my opinion, you are correct. This law effectively kills all commercial gold production in Venezuela. I would expect that once one of these genius's figures that out, the law will be repealed or amended. It's kinda like selling widgets... I sell my widgets for $5 and realize a profit margin of 40%... I'm greedy, so I raise the price of my widgets to $20 and realize a profit margin of ZERO 'cause nobody buys 'em. I'm sure even Roy Carson's film star is freaking out right now... Rusuro is screwed with their Vennie operations... they'd be better off folding up their tent and filing for international arbitration 8>)