Everyone keeps says that Chazez needs us. I really doubt it now.

Considering that he pushed the BIG oil companies into JVs. Oil still flows. (Output is down though). When Vz went to auction off additional oil fields for development there were many oil companies willing to step-up.

Why should gold mining be any different? If he forces all mining companies into JVs sure it will hurt but atleast they can still make *something*.

I know... KRY has an operating contract. They don't own the concession but what is really that different between a concession and an operating contract?

Are the terms that GRZ has for profit that much better than KRY? If so then I'd say there is a difference. If not then the KRY's operating contract is just like a concession without the formality of KRY owning the consession. Translation: Vz will want to do something to make it more favourable (to them).

Personally, I won't be putting more money into KRY. I'd much rather put it into a company that will bounce back short(er) term.

Am I still long? Yeah... under duress with the pps at this level :-(

Do I see an end in sight? No... I see a government that is more interested in staying in power than building an economy or helping its people.

If we get the permit next week... I swear I'll take a trip to Vz just to see it for myself.