The company's prospects in Venezuela are positive in view of the statement by
President Hugo Chavez says he wants Las Cristinas to be developed as a joint
venture between the government and Rusoro.
Las Cristinas is a gold deposit in the Kilomtero 88 area of Venezuela that has
been bogged down in legal wrangling between its owner, Crystallex Mining, and
the Venezuelan government. There is a confirmed reserve of at least 21 million
ounces of gold there, of which a minimum of 10 million will be attributable to
Rusoro should Las Cristinas be developed by VenRus, the joint venture company
established by Rusoro and the government of Venezuela.
According to press reports in El Diario, a Venezuelan daily newspaper, Rusoro is
in discussion with Crystallex to reach an agreement.
Someone ought to invest James West. Sounds like he is also on the Rusoro "whore journalist bandwagon". My question is "why?". This may be less about pumping Rusoro up as in keeping KRY down. Something smells...and the stench is getting stronger as May 28th draws near. The stronger the stench becomes...the more tightly I cling to my KRY shares.