"I don't think we will be around after 3 years because we will be bought out by someone wanting ounces. I don't think it was a coincidence that part of the A&F agreement was CRRC voting the way KRY management wants for 3 years."

The JV Deal is predicated on receiving The Permit. Now all the recent talk here is for the KRY PPS to be much higher than the current $.45 once the Permit is announced. But the KRY BOD has negotiated the JV deal for minority control, 19.9% of KRY, Permit in hand, for $.40. 19.9% is 0.1% below the threshold to invoke the KRY SRP (Shareholder Rights Plan). Obviously the KRY BOD must believe $.40 is fair value, Permit in hand, and, IMO, would allow CRRC to make a Permitted bid for the Company in the current range of PPS going forward. I do not believe in any other suitors for KRY with CRRC owning 2/3 of the project outright, and 19.9% control of KRY. I do believe this deal is better than insolvency and a 5 yr wait for arbitration, from the BOD's point of view. Has the BOD felt shareholder pain over the last few years? Have a look at the Management Information Circular, May5, 2010. And consider the quote from the Jun 2010 Binding Primary Agreement 3a.(iv)
"A voting rights agreement whereby CRRC shall agree, for a period of three years following the closing of the transactions contemplated by the A&F Agreement (the “Closing”), to vote its Crystallex common shares on certain matters as directed by the management of Crystallex. Such matters shall include the election of directors, the appointment of auditors, matters relating to Crystallex's stock option plan and other securities based compensation arrangements (subject to reasonable qualifications to be negotiated by the parties acting reasonably)."

IMO,

Regards