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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: Rusoro Exec says it aint so joe to Vheadline about KRY

gold digger

posted on Jan 04, 2009 02:18PM

Hi. Last post on thoughts as have to head out for dinner.

Nothing is guaranteed in life however if you take a look at the judgement record for ICSID arbitration you'll see the odds. KRY has pursued a very logical, thorough and methodical approach to conform in Venezuela. The Vennies know this. They know they've been snookered. Take a look at our legal council, their experience with ICSID arbitration with Venezuela? KRY has been able to maintain their MOC without any issues. KRY's case is as strong as any I've seen. Payment of Bond and taxes, after acceptance of EIS, failure to then deliver the permit certainly seals their case. Once the Canada/Venezuela BIT runs it's course then the gloves come off and you can kiss mining LC goodbye. May 28 will come fairly quickly.

Time will tell. All beyond our control.

Teutracker

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