Sorry guys but this is all really old news and was discussed years ago on other forums, but the gist of it is: that was the argument for VZ revoking many of the old concessions and moving to a new model -- the MOA, which is of course what Crystallex operates under.

Specifically, what he was talking about in that pasage was that Placer Dome did not develop LC bacl om the day (since gold prices were so low) and then turned around and "tried" to sell the rights to Vanessa Ventures although VZ was already in the process of revoking the concession.

Crystallex was then awarded the MOA under Hugo's watch and was to be the model of future development, which as we know now is an unbelievably slow process that fortells the doom of the VZ mining industry unless they actually move forward quickly and start granting permits.