Re: 19.9% in present J/V agreement.
in response to
by
posted on
Sep 14, 2010 11:57PM
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
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