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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: Arbitraton Cost and Timeline-RM
28
Mar 15, 2011 01:44PM

"The total costs for ICSID claims have been estimated by others at $5-$8 million dollars from prep to finish."

Those seem to be pretty optimistic estimates. Are there any statistics which factor in that we are dealing with a lawless tin-pot despot in a third world banana republic?

Seems to me we need to apply a multiple of 3 to both time and expense.

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