Ya, its is about $500 million when you factor in a bunch of finance costs, writedowns, interest, bonds paid, etc.

But if I remember correctly, the 'on the books' BV writedown for las Cristinas was about 300+.

I doubt in our current state Vennie would offer us any of the other costs, but who knows.

Either way,

We're still trading at 6.5 cents, and didn't we technically default at 9:00am this morning?

Maybe BK is already priced in. after all, 10% (what the rumoured nice bondholders would let us keep) of $600 million is still $60 million, or $0.16 cents a share in three years time.

Whatever, i'll believe the default when I see it.

Cheers,

FK.