It took a while to read everything but I thought the report covered most of the questions we have asked RM. Unfortunately the answers didn't answer the questions but I guess it isn't up to Kry to answer why the permit hasn't been issued. That should come from VZ.

I agree that the letter was very heartfelt from RF with his loyalty and patience comments.

After reading everything I feel I have a better understanding of where we are. This isn't the first time I've seen the phrase "move the project into construction phase" used by RF. We are not looking at a buyout were are planning to mine LC.

Kry may be in a catch 22 situation with VZ over the clause in the MOC that says Kry is responsible for obtaining the financing. We certainly don't have the cash or debt financing in place currently and never will without the permit. We can get the money with the permit and VZ is saying show us the money and we will give you the permit.

The strategic investor seems like our last chance to get LC up and running. The term financial and political tells me it isn't Goldcorp, Barrick or some other company not associated with the deals Hugo has been doing lately. That leaves Russia, Iran and China. In my opinion our strategic investor is Chinese. I've been saying it for a while now that the only logical choice is China.

Now can RF make a deal with the Chinese that meets the needs of VZ, China and Kry. RF is a deal maker with big Chinese connections so I'm satisfied we have a good shot at getting this done.

I'm feeling pretty good right now!