One key thing that CRCC brings to the party, other than money and the permit, is the ability to tell Hugo how and at what price the gold will be sold.

If you do the math (and I agree with Jimmi's calculations), the ability to sell the gold and convert at real rates makes our 1/3 more valuable than the whole thing without that ability.

If you don't believe it -- take a look at Rusoro's very poor net realized gold prices, and inability to expand operations based on the poor returns.

Sure, it cost, but now we have the rich Chinese bully looking out for our interests.

And whoever calls Fung next, remind him to get that Brisas project on the table with Hugo for the JV to mine.