Re: Latest report speculates Venezuela will nationalize gold mining...
posted on
Jun 03, 2008 09:29AM
No matter how many times I've read that explanation of gold and the exchange rate, I still don't understand it. The bottom line is that after all of the BS and bad press around the permit and "minority joint venture", etc., etc....it's hard to believe that Venezuela won't give us a crappier deal than originally agreed to...BUT...they still have to make it a profitable deal (maybe not as profitable the original MOA) if they want the mine built by KRY or anyone else...including the Russians..