FWIW... here are my 2 cents worth.

The Chinese have said that they want a 60k+ tpd mining operation.Apparently, 20 tpd does not meet their criteria.The permit that KRY has applied for and is “waiting” for is for 20 tpd.What to do?It only make sense to me that the Chinese must have prepared and filed a revised mining plan and environmental study along with a request to permit a 60k+ tpd mine.I imagine that this is behind the extension in the time frame from July to end of Q4 and why things are in the hands of the Venezuelans to respond.

Of course, KRY does not have to report any of this (and presumably has been asked not to disclose)… because they are not making the application or asking for any kind of change in the status quo. Only the Chinese are asking for a change. The Chinese do not have to report this… because - well - they don’t.

Technical processing of the application would take some time, but more importantly this scenario presents the opportunity for discussion about a more optimal business relationship between the parties.Presumably all parties would be looking for a sweeter deal… political and economic.I believe that in this scenario there would be lots of fresh sugar… enough for everyone and especially for KRY.

This what I expect and why I hold.I may be disappointed of course.But unlike some here, I have a lot of respect for and faith in the dealing making skills of our Board.