Re: Negotiation power

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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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RedRock

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Re: Negotiation power

posted on Sep 20, 2008 11:12AM

One thing to remember on a JV is that VZ. has to come up with 50% of the cost, typically.

It would actually cost Vz. money to go to a jv with Crystallex.

IMO, contracts are the way to go for them. Not responsible for the management headaches and no up-front cash needed.

If gold continues up, or other positives, a simple increase in taxes will compensate for any "windfall" profits. The distribution of profit percentages will remain the same.

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