Regarding the permit issuance; I'm torn trying to understand how it could be complicated at this point. For so long, we were told by mgmt that it is sitting on a desk just waiting to be signed. It was done and dusted. Was that not true? If it was true, then issue it with a contingency of KRY contributing it to this new JV. Not hard. That certainly could have been done in 3 months time.

The MOC is going to be issued to a new entity that is being created or to KRY who will contribute it to the new entity (not sure which). The terms of the MOC are not being reworked as far as I know so I have a hard time believing this is the hold up. And if it is being reworked, I have fears that we (and the market) have several unknowns (new terms) to digest. What is everyone else's thoughts?