QUESTION: Is our present "wait" tied to completion of the draft of the "New Mining Bill" as stated by the Head of DGPEM a subsidiary of our "partner" MIBAM. Note the use of the word "feels" in the quote of Mr. Medina. Are we to believe that this is simply his opinion? If this is only the opinion of another bureaucrat preening himself on the public stage, then we need to ask ourselves who is the dog and who is the tail. I hope that MIBAM is the dog and DGPEM is the tail and that Mr. Medina is not voicing the opinion of the dog....otherwise we could be in for a long, long wait with a kick in the balls as a possible reward for our patience. I still cannot fathom why MIBAM, as our partner, has not been more forceful in publically dismissing fears created by this type of comment. One thing we do know....we know that we've been delayed and we don't know what the holdup is. Well guess what...with the information available to us I have to put "passage of the New Mining Law" at the top of the list of reasons for the delay. Perhaps someone on the board has a better reason (substantiated by fact) for the delay. If so, I'm all ears. Questions for RM...Who is the tail and who is the dog...DGPEM\MIBAM? Has our partner (MIBAM) clarified this statement at all? Will they clarify it if asked? If not...why not?

New mining bill could decide future of Las Cristinas, Las Brisas - Venezuela

Thursday, October 16, 2008

Venezuela's general authority on mining economy and planning (DGPEM) - part of the country's basic industries and mining ministry (Mibam) - feels the new law to regulate the sector will determine the eventual consolidation of the Las Cristinas and Las Brisas gold projects.

"There has been talk of combining the projects because of the deposits' geological characteristics, which are uniform. We have to wait to see how the criteria is drawn up and see if it can be done," DGPEM head Javier Medina told BNamericas.

09\22\08 Question\Response from RM regarding "New Mining Law"