Good points. I will try to explain my take briefly.

I'm not sure there's much difference between a concession owner and a contractor in HUGO think.

I don't think that we are talking about throwing away the gold to get the copper. More like trying to get both.

I also don't think that the ups and downs in commodity prices will change the fact that VZ wants to profit from all of their resources including copper and may very well take a long term view on this. Also, let's not forget that gold could, despite Jim Sinclair, follow other commodities down until we get an economic upturn.

It was my understanding that the enquiry about a JV on LC was made during the recent discussions with Minamb on restarting the projects.

Some people on the board have been mentioning the attractiveness of alternate investments. I only mentioned GRZ because the cash component makes it look like a pretty safe alternative.

Unfortunately VZ is considered toxic by many investors and that may continue to impact the SP even with a permit and even after production begins. We probably will never see the the same evaluations as miners in safer countries. (As an aside, for an under $25 P&P check out NG-T. 27.7million oz's. market cap 342 million. In safe countries)

I would prefer to see mgmt. set aside shares and options for future VZ employees, mgmt or not, their unions and maybe other deserving local groups and individuals. KRY insiders are making more than enough for handling the present limited activities.