Re: Reply from Daniel

Welcome to the Crystallex HUB on AGORACOM

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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infojoe

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Re: Reply from Daniel

in response to

Reply from Daniel

bamajag

posted on Feb 22, 2008 12:34PM

"You have to realize that if one day Chaevz decides to nationalize Las Cristinas, well, he will do it just like that."

The misconception that Las Cristinas could be nationalized still plagues Crystallex. This project is not a concession, it is 100% owned by VZ with administration by CVG. Crystallex has a MOA (Mine Operating Agreement), thus it's situation is unlike that of Gold Reserve, etc. There may be other issues that are of concern, but "nationalization" is not one of them.

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