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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: How much does a hen weigh?
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Sep 28, 2010 08:02AM
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Sep 28, 2010 09:34AM

Flasher, it's the basic terms of the MOC. We pay royalties to VZ on the gold sales and taxes on our profits there. As I said, it is unknown what our profits will be based on the gold sale law and whether VZ will allow us to obtain yet another permit to sell at the global market rates. I'm sure there will be some sort of compromise on this because if we can't mine and make a profit, it doesn't matter if we have 50M ounces of gold. Zero profit equals no stock price appreciation so it wouldn't make sense to proceed if you were KRY/CREC.

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Sep 28, 2010 10:44AM
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