AGM Summary

Welcome to the Crystallex HUB on AGORACOM

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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dparge

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AGM Summary

posted on Jun 23, 2010 09:59AM

CRRC - big player, big money, big influence

2 major signoffs from VZ were provided to satisfy CRRC.

Reserves - will go up at some point. Probably 22M range based on $850/ounce.

Production - will go up to at least double it sounds like, maybe more.

Gold sale law - still working on that. Hopefully they will be able to negotiate an export license that will be acceptable to both VZ and the KRY/CRRC JV.

Dilution - always an issue but careful about it.

That's my takeaway.

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