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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: contingent permit (aka why our PPS sucks)

kbecker- "there have been permits granted before where we all celebrated only to then find out "OK, now you need the permit to......" This happened with this very same environmental one. Most of us didn't know it was needed"

k, i could'nt disagree more with this statement....the environmental permit is mentioned specifically by name in the MOC... it seems to be specifically stressed in the MOC..... i know that venezuela has issued permits in the past that seemed to be directed more at a stock pump than anything related to building the mine but the "permit to affect natural resources/environment" seems to be pretty much a global norm for starting work...

in any case, i certainly dont see hugo issuing a permit and then screwing the chinese..that would affect his relationship....i think this deal will either be all or nothing, either he issues a permit and kry/chinese start working, or he does'nt...

if he does'nt, that does'nt preclude china from a JV with ven.. it just really screws kry..

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