A strategic element could exist depending on who the largest 2 investors may be.

A. If it is a major mining company, it is possible that we are covering the possibility of getting the mine back at some point via a non-cash settlement. Why would a major "invest" in Crystallex. Well, a hefty interest rate as a worse case scenerio isn't bad, but potential access to over 20 million ounces of gold would be a good incentive. What's $50 - $60 million to a major? Not much at all. Your next question would be why would Venezuela do this? Well, a reasonable chance exist that a new president will be in office within 12 months. Also, maybe the only way Venezuela can settle these multi-billion dollar arb cases is to grant access to the natural resources. Even if a settlement/award ends up in cash, the CVR would turn into a heckuva return. It is even possible, as you say that the mining company may end up paying the cash to get Crystallex to settle. They, in essence would only be paying about .55 on the dollar.

B. Maybe a Chinese financial institution. See above + politically acceptable. That concept hasn't changed even though it has not worked to date.

The key here to me is that most wildcards hold potential upside FINALLY once financing is completed. We pursue the arb case diligently like Doug and stay open to a settlement, cash or non-cash but don't delay 1 day the arb case unless a settlement is closed, not discussed but executed.