RE:Joint Venture ConfidentialWe will only know the JVA after the two parties have agreed about the qualifying expenditures. The current agreement covers many different scenarios in agreeing upon these expenditures...and thus many different timelines too get an official JVA announcement. DYODD but the following is a brief explanation of a few scenarios that could play out now that RIO has initiated the process: **** RIO says they've spent enough money and they want to exercise all 4 options....DIAM quickly reviews expenditures and announces everything adds up. The two parties subsequently and quickly form a JVA and the current agreement becomes history. THIS scenario did not play out.... **** Diam could take the full 30 days to review then at the last minute announce everything is good. Then the two would announce a JVA and the current agreement becomes history. This scenario did not happen.... **** NOW this is where it gets very unpredictable as the timeline can get pushed out for these processes. CONSIDER The Follwing: Rio initiates the process as above. DIAM has 30 days to fully review....if during the review they identify expenses that they feel do not meet the criteria and there are enough of these questionable expenses then DIAM can notify RIO that they will be doing an audit. They are allowed 20 days to have this audit done. If the audit confirms there are expenses that do not qualify then the two parties have 15 days to try and rectify the expense issue. If after that time has passed they still cannot solve their differences on the issue....then an arbitrator is named by the court. The arbitration meetings occur in Vancouver and they could last a week (I think). In any event, when they conclude the Arbitrator makes his/her decision and it is binding. Not long after this, a JVA would be formed and announced. **** It's important to note that various aspects can occur concurrently....things can "proceed" even during an audit or during arbitration. **** I feel all the information is right in front of all of us. There are many hints and I believe I know what is happening. I'll keep the details of my theories to myself....but I will say, imo, none of this is "bad" for us shareholders. We are finally going to see our end game. Diamant.