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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: How might we get screwed...

How might we get screwed...

posted on Apr 18, 2008 11:11AM

....let me count the ways...

#1: Notwithstanding the lawful contractual agreement between Venezuela and KRY....since the price of gold has exceeded $400.00\ounce....this is indicative of "windfall" profits by the greedy capitalists. This must be increased (doubled?) immediately upon issuance of permit (or at the latest after the mine is built with capitalist (spelled your money and mine) funds...but before the "final" license to operate is granted.

Please excuse me...just having bad Hugo hating day

- Royalty to CVG

1% for gold below $280

1½% from $280 to below $350

2% from $350 to below $400

3% above $400

plus standard 3% royalty to Venezuela

plus applicable corporate tax rate

1
Apr 18, 2008 11:17AM
1
Apr 18, 2008 11:30AM
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