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This dream is fading somewhat. Kingsgate announced a letter of intent to sell the Nueva Esperanza project today for around $60m in staged payments of cash and shares. This does not look good to anyone hoping for a big cash settlement in the company's dispute with Thailand. However there are various ways to interpret it. It does sound like Kingsgate may settle for resumption of the right to operate the Chatree mine along with perhaps some lucrative but non cash concessions, such as: a moratorium on royalties and taxes and more exploration leases. Anyway it's all guesses, including how the balance of shareholders will react. Today they sold down the shares a little.