1. I am of agreement the permit is awaiting new mining laws and I have also heard July. I don't know how this interplays with special powers.

2. Some of the Yahoo pumpers were saying Rodriguez or Gutierez or whoever (the guy VHeadlines interviewed) said that the permit would come and would be announced at the first Alo Presidente after the new year. But the guy never said that and I listened to the interviews (and speak Spanish). GRZ got their permit midweek in a surprise. I would expect the same for KRY.

3. One of the analysts who downgraded KRY to $5.50C still said the underlying low end value was $2.50. The PPS now is just typical bearish pessimism. I never thought a buyout at $10+ was likely but I did think $6-$8 reasonable. With the PPS where it is now I would look for it between $4 - $5 personally. That's a bargain on permit and may be why it is so heavily bashed...to keep it a bargain since most would see an exit at $4 as salvation.