Again, EZ your rebuttle is not relavent. I was NOT making an evaluation of the price based on 22 million ounces. I stated Gustavo was using old numbers and not giving credit for the costs China would absorb.

I only mentioned 22 million because that was the highest figure on the last report. I also stated it would likely be confirmed and updated later since they were doing an update report for the JV process.

I was supporting KRY and trying to counter what I felt was an unfair assement of value. I think you missed the long lines of support for the company value and focused on one line that was irrelevant to my point anyway.

In any case, with gold at $1200 I still don't see anyone making an official valuation using that number. It has always been hedged down to allow for the gold price fluxuations.

I think we are getting a little out of kilter when a post defending KRY value gets attacked simply because one part (taken from the only official reports we have) disagrees with your optimistic viewpoint.