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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: Gold Reserve

Maybe I missed the discussion as to which I now have several questions. According to GR's website, on July 25 the Tribunal requested further information from both Gold Reserve and Vz. on the "quantum issues." By this I assume it meant the quantum (or amount) of gold that GR contends it could mine. Possibly also it refers to the price of gold in the past and in the future of that gold. If it means these things, this would seem excellent news as it would mean that it is tending to to rule in favor of GR on the issue of liability and is now addressing the issue of damages. Of course, simply because one tribunal awards damages for loss of profits does not mean that another will or must do the same. It would also seem to me to mean that it is leaning toward awarding future damages for loss of profits, otherwise, if it wanted more information on the availability of loss of profits, it would have asked for further briefing on that purely legal issue and not what sounds like a purely facual issue (quantum of gold etc). Has anyone discussed this? Is it known if this testimony has already been presented and exactly what it was designed to cover? Any other comments?

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