Gil, $137 million is peanuts once you subtract the $130 million GRZ has sitting in treasury as cash! For the balance of $7 million they get $20 to $30 million's worth of new mining equipment already sitting in Venezuela, a brand new mill (partly paid for but worth $80 to $100 million) ready for delivery next year and the engineering, drill data, Brisas concession and Choco 5 contract for nothing! If they thought they had Hugo's ear then it's a no brainer even if they have to sit on the properties for a couple more years.

It's not generally known but GRZ is drilling Choco 5 under a contract with the CVG, similar in fact to the KRY deal but different from the Brisas concession deal which was awarded years earlier.

Choco 5 is right next door to the operating Bolivar/GFI mine that Rusoro recently took over and it is highly prospective.