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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: Eluniversal News - June 28/08

Eluniversal News - June 28/08

posted on Jun 28, 2008 11:37AM

The stocks of Canadian mining company Crystallex International soared on June 24 as the company announced the beginning of talks with the Venezuelan Ministry of the Environment. The news raised expectations about a mining license to develop Las Cristinas mine. The Venezuelan government had instructed the Environment Minister Yuvirí Ortega to discuss the changes in the Las Cristinas Project in order to grant the permit. The huge deposit contains approximately 17 million ounces of gold. On June 24, Crystallex securities climbed from 0.52 to 1.17 Canadian dollars at the Toronto Stock Exchange.

My read on this short quote published today indicates Ortega was marching to her own drum with no support from other politicians, and she has been advised to make the changes to the Las Cristinas Project and issue the permit.

I don't expect Ortega to yip anymore, as she probably has her pockets full of cheap shares. I expect her to do as Hugo said and issue the permit.

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