$2 Billion U.S.

If he wants to retain his dignity, at the very least, he needs to get his minimum arbitration value for the MOC.

His "back of the envelope" calculation:

20 million oz. X $100 U.S per oz. (very conservative in ground value)= $2 Billion U.S.

Maybe Fung has told Ven and CRRC:

"I don't care where it comes from, but I want $2 Billion U.S. for the MOC OR give me the permits. Otherwise, I will go the arbitration route. Sort it out between yourselves and get back to me..."