that the market has decided that this deal is a POS. (quite appropriately I might add)

I call them as I see them and it looks to me like Fung pulled a rat out of the hat.

We gave away 2/3 of the project.

We still have to pay our share of development costs out of future cash flow.

We still owe 100 million dollars to the note holders.

There will be more dilution as the Chinese can go up to 19.9% ownership buying at $0.40 per share.

And after all that we are still stuck with the VZ mining law which means we can't make any money anyway. (take a look at RML)

Remember! The Chinese don't need to make money in VZ. They just want guaranteed access to VZ's resources.

I don't think that this is the deal we have all been waiting for. I hope I'm wrong but only time will tell.