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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: Re: 19.9% in present J/V agreement.
5
Sep 14, 2010 01:09PM
5
Sep 14, 2010 02:21PM

Sep 14, 2010 02:26PM
1
Rio
Sep 14, 2010 02:31PM
1
Rio
Sep 14, 2010 02:43PM

Ez.

Just possible that the pot was well sweetened by Venezuala for both KRY and China.

In order for this J/V to proceed. KRY had to justify relinquishing 70% when they had an extremely strong case for the International arbitration commitee.

China may well have requested and received additional property rights for both entities in order to justify a commitment to this arrangement.

Venezuala knows what they have. They have always known. Hopefully wisdom has won out.

They will now be in a position to create 1000's of new jobs . The vast cash profits they will receive once these mines are in production will help contribute to the overall economy for years in the future.

The end result is a win win for Venezuala, China and Kry..

Yes wrinkles are still being worked out. But once worked out this will be a powerhouse for all concerned. JMHO

Sm

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