Sasa came with an article…. A veteran analyst, Kerry Smith of Haywood Securities

KS: Yes. It’s 16 million ounces of reserves and +25 million ounces of total resources—so it’s big and it would be a long-life mine. It’s simple mining and metallurgy, and it’s at sea level, not at 4,000 meters in the Andes. It’s got good infrastructure; a lot of the things you’d like to see in a project. It has incredibly cheap power because the government subsidizes power. Power off the grid in Venezuela, all from hydro, runs two or three cents per kilowatt-hour. You can buy diesel fuel and gas in Venezuela for five cents a liter. So it’s going to have low cash costs. The problem is it’s in Venezuela. The situation has gone on for so long. I think if the government really wanted to nationalize the project, they’ve had plenty of opportunity and would have done it long ago. My simple view is that the government doesn’t want to nationalize it, and will figure out a way to move this project along. So at some point, it will get permits and go into development by somebody.

My opinion: They will move on with the project, they do not have money and expertise to do it. Someone has to do it!

KRY owns the mining expertise, they are there for so long time…they will be part of the project…..what %??? do not know…..my opinion about so long delay is the negotiation part. I see a JV because they already had one recently in VZ. Government will have part of this project; too….the results of negociations will reveal the final decision.