Read the following post first:

http://www.stockhouse.com/Bullboards...

With one stone that kills at least two birds and wounds a third.

A very well reasoned opinion.

As it may relate to Gold Reserve ( the wounded bird here) , it may eventually get its permit to continue as is or get an offer from Venezuela to continue with a reduced ownership ( a sharing arrangement ).

But the biggest plus for GRZ is that none of the arguments presented as justification for revocation of the permit hold water. The granting of the permit by Venezuela works for GRZ by showing Venezuela now as two faced and probably very weak legaly.

I suspect that the revocation opinion by a lowly official ( if done with government approval0 was done so that no high ranking official of the ministry of the environment, or government, can lose face and at the end may easily say that that was not what we meant, i.e. the low ranking guy was acting on his own.