Re: Chinese motivation

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Teutracker

Rank: President [?]

Points: 3935 [?]

Votes: 85 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Chinese motivation

in response to

Re: Chinese motivation

dparge

posted on Oct 06, 2010 08:49AM

dparge,

I hope you are well. I agree with your comment. I don't think it unreasonable for Venezuela to request some modifications or additions. The price of gold has risen significantly from the original invisioned Las Cristinas mine plan so requesting a top-up would not come as a surprise. I do however think that Crystallex/CREC-CRRC have been negotiating this very aspect with Venezuela for a while now. If an agreement has been reached in this regard and Crystallex/CREC-CRRC are now ready to sign then it is not inconceivable that we receive pending news allowing the project to move forward. I'm told that Bob is in Venezuela this week for that very purpose, to discuss the advancement of the project.