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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: Buyout after permit ? frustrated
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Jun 30, 2008 02:37PM
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Jun 30, 2008 03:03PM
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Jul 01, 2008 04:50AM

frustrated, the majors have no choice anymore...there are just not enough available deposits in "stable countries...this is what this entire story has been about "how will venezuela proceed for the mining industry?"...

the majors are in africa, the "stans", ecuador, peru, you name it...the only reason they're not in venezuela is because it's been a "dead zone" for 10 years and i'm sure they want to see some sign of "stability" before investing again...also, rusoro (although i dont trust the russians) is quickly becoming a "major"....

personally, i hope kry takes it to production and beyond without a buyout, then gets diversified a bit...el presidente's come and go...but if kry can get to production, and then a more hospitable govt is in place....lookout goldcorp!

btw, what is a "significantly reduced price" for a 20mil oz permitted pit these days? please post an example if you can. thanks

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