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Message: GRZ and KRY: which one has a better change in a possible legal action?

Re: GRZ and KRY: which one has a better change in a possible legal action?

posted on Nov 18, 2008 04:13PM

Debarge stated- "I think VZ wants to cut the Russians in on part of this deal. Now they have to figure out a way to do it without paying any damages to KRY. They can't afford that. But if they can legally do it, I think they will."

It sure seems Rusoro will be involved in mining LB & LC however, they will definitely not be the lead Contractor. Based on the comments from an article today, it appears they will help develop the properties. My take on this would be more of a sub-contractors role instead of the lead contractor.

"Under this deal the Russian company Rusoro will be allowed to help develop the large Las Cristinas and Brisas gold mines, according to Venezuelan Mining Minister Rodolfo Sanz (El Universal, November 6)."

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