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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: Good volume early

The news of the last few 2 days about the serious deals and agreements signed by China and VZ is likely telling some investors and funds that our deal signing is imminent. The tone of the last releases really do talk about landmark agreements and very big bucks, for the longterm development and good of VZ. That certainly sounds like something that would include KRY's deal with China and VZ.

I have a very good feeling that this is what has been part of the hold up. China will certainly have wanted to have some very serious agreements worked out, concerning the four currencies involved (Canadian dollar as well) and the exchange rates.

'Beijing and Caracas also signed today an agreement between the financial architecture of China Development Bank and the Bank of Economic and Social Development of Venezuela (BANDES) for the funding dollar and Chinese renminbi.'

I also agree with Silver B that some of this Chinese loan money will end up paying off the long overdue payments to illegal miners that were talked into stopping. Again, that would have to be done before Chavez announced a sweet deal with a Chinese JV to get at the gold that the illegals were made to stop mining.

By the way, what the heck is the 'Renmimbi'. Is it another Chinese currency? How does it work with the Yen?

Pen

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