"What do uou think the stock would be worth today, if the Permit HAD been issued, as promised in 2007, and we were either on the verge of production or in actual production today?"

So far, no one has responded to my question.

IMO, I estimate between $6 and $8, using a P.E. of 15, gold at $900, expenses at $360 and approx 300,000,000 shares outstanding and production at 300,000 oz. per year projected.

Remember, it was Venezuela who has NOT lived up to its obligations and has caused the subsequent drop in share value, while KRY is in FULL compliance, and deliberately keeping a low profile. Venezuela must be made to pay for their violations which are fairly easy to enumerate. IMO.

Remember, in the Great Depression, the stock Market declined 90% while the value of Homestake Mining , USA,increased 4 TIMES.

The knowledge that we are in a declining Market only increases the value of KRY to those that bet in the future of Gold, and the ultimate positive outcome of a KRY Permit, settlement, or Arbitrration... vlada