Re: Russian company signs agreement to exploit gold in the country

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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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penderite

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Re: Russian company signs agreement to exploit gold in the country

in response to

Russian company signs agreement to exploit gold in the country

makinmoola2

posted on Jul 27, 2009 06:17PM

I see this as a very good likelyhood that the joint venture company between Ven-Russ. , VenRusca, will be the company that buys out KRY, or at least buys the MOC. This was one of the possibilities that I mentioned way back.

Here no is the announcement that it has been officially formed, and that this company WILL BE MINING THE GOLD IN VZ.That's pretty clear to me, especially since they said they are going to start out with around 6 billion. Well, for around a third of that money, they could get the BIG ONE, in terms of the mine that will be needed to pay back loans wih GOLD.

I still think it is all coming dwn to this. I believe that pretty much all the ducks are in a row.

They won't need to wait for the permit, as Chavez can give it out when he pleases.