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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Venezuela would market up to $ 350 2008...

I guess the key question is does the MOA Conditions agreed upon and signed off by Crystallex and the Ven Govt. stand up today, or will a 70/30 stake change supersede the Agreement conditions?

Legally, the agreement conditions of a US$15M lump sum payment (which has been paid), 3% royalty fees if gold is >$400/oz and a 3% expropriation taxes are the MOA conditions from 2002 should take prescedence.

I believe the Ven Govnt can institute the 70/30 stake once the new Mining Law is passed with new operators, however they do not have a leg to stand on by reneging on existing MOA's.

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