Some have wondered why CRRC or some other company wouldn't just wait till VZ forced Kry into bankruptcy or arbitration. They wouldn't have to split the mine with Kry this way. What does CRRC get from Kry that they couldn't have gotten from VZ. The answer is a valid MOC that is better than the current JV agreements VZ is doing with Russia. This MOC gives the KRY/CRRC JV 60% of the profits. It also gives CRRC a binding MOC should the need arise to take VZ to court down the road.

Well said JJ.