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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: Sanz speaks of cristinas

I thought Sanz was a businessman and then I read this......

"in the deposit the Cristinas, the gold reserve is near the 31 million ounces, " that to the present value it gives about 33 us billions of dollars, reserves against which the country I could obtain to financings externos"

There is no way he can get external financing on "reserves" in the ground without a full bankable feasibility study that proves up those reserves, and even then he will only get a fraction of the actual gold in the ground value.

He is obviously considering inferred gold in the "reserves" and adding LC and LB together. It might not matter to the press or his voters, but is certainly matters to a banker.

To top it off, he doesn't actually own the data and engineering and probably can't get full access to it unless he pays for it from the current owners Crystallex and Gold Reserve. If he really thinks that external financiers will hand over a bilion or so at commercial rates to the CVG or somebody similar to build a mine at his stage of the game he is dreaming. The gold in LC and LB is going to sit there for many more years if this is his plan.



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