Chewy, you might wanna start here in your calculations

from the 2009 financial results:

Despite continued efforts to secure the Permit and pursue accretive
transactions in respect of the Las Cristinas Project, the Company
recorded a non-cash write down to the carrying value of the Company's
interest in Las Cristinas of $297,069 as required under Canadian GAAP
based on certain potential impairment tests including, but not limited
to, the permitting delays. Such non-cash impairment charge has been
taken to comply with accounting requirements and does not reflect the
Company's continuing strong belief in the project, its commercial
prospects and the likelihood of the receipt of the Permit.

and I think thats just the start, don't forget all of 2010, interest and financing costs, equipment writedowns, etc.

i'd say on the books, we could get $500 million in arb alone. then there is the potential for lost profits, DCF analysis, FMV ($ per reserve ounce) calculations, etc, etc. So, a 1 billion $ reward isn't too far a stretch, if we could win.

I guess some should remember that we have a large loss carry forward on the books that could also be sold if we had to, don't know what kinda money we can get for it, but 10 cents on the dollar isn't unimaginable (or 30 million). plus another $10-20 million in equipment, etc, that could go towards the bonholders payoff in a fire sale.

Hopefully it won't get to that.