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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: Arbitration Costs
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Feb 13, 2011 02:29PM
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Feb 13, 2011 02:39PM

Feb 13, 2011 02:44PM

Expensive is relative.

True, but the time taken is often extended. Look at Vannessa; they don't seem to be making much progress.

Direct costs are not the whole picture. The real costs include the payment of staff, overheads and interest on borrowings while the process goes on. There is always a burn rate just to exist even if everything is cut to the bone. GRZ runs a pretty lean operation, but it costs money just to open the door every morning. How much do you think KRY can prune off their overheads while the arbitration process proceeds?

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Feb 13, 2011 09:15PM
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Hoe
Feb 13, 2011 09:23PM
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Feb 13, 2011 10:57PM

Feb 14, 2011 06:44AM
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Feb 14, 2011 08:22AM
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