This whole debate about how to value Kry has been interesting but I think both side are digging in a little to hard. You are also talking apples and oranges. Short term I think Dparge is right. We will see a pop on permit and possibly retrace some gains on selling for those who are in this for a permit play.

I also believe EZ is correct that gold is going higher and the value will increase significantly as we get closer to production. I don't think we will be around after 3 years because we will be bought out by someone wanting ounces. I don't think it was a coincidence that part of the A&F agreement was CRRC voting the way KRY management wants for 3 years.

Anyone who bought KRY under a $1 should be taking some profits after the permit. Those with an average of over $3-$4 may have to wait a little longer for their pay day. It will come but not as soon as we hoped for.

With the permit KRY becomes a whole different gold play. A company with X amount of ounces 2 years from production. Would you be interested in buying some shares at .45? New buyers will come into this play and the price will rise as we get closer to production.

This is where EZ is correct and may help some people to see getting out at break even after all these years may not be the smartest move. If it wasn't for all the crap we've gone through I would be jumping to buy right now if this was a new story to me. I also think we could see $10 down the road but the stars will have to line up properly.

JJ