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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: Options

As I stated yesterday, the options to buy granted management will be useless if no permit is granted. Obviously, most here believe the permit will be granted and very soon. Indicators:

1. Governments' request for Minamb to reconsider.

2. Vice Minister taking over for Y. Ortega.

3. Site visit by NA

4. Site visit by VM

5. Official written response to Crystallex's modified submission that the plan conforms to all social and environmental requirements for the permit.

6. Local support, unions, mayor, governor, etc.

7. Mibam support for the project.

8. Obviously CVG support for the project.

9. Members of the economic committee in the NA support.

etc.................................... obvious by now.

Management is in a unique position of low sp and officially not knowing the outcome. Why not issue stock options? Good for them for a job well done.

As the article stated and I am curious to know is the length of time for the options to be vested. Regardless, these options will help keep management's interest in line with mine after permit issuance.



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