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Message: RM response to Canacord: a good read!

RM response to Canacord: a good read!

posted on Aug 28, 2008 02:33PM

I did enjoy reading Richard's response to my questions on Canacord which I did post earlier today and I believe you all will too. Having a History as Crystallex does in a country like VZ must be worth something. My question and Richard's response below:

On Aug 28, 2008, the-technician@msn.com wrote:

To date Crystallex has taken three gold mining projects through the design, permitting, construction and operating phases in Bolivar State, Venezuela. I do not believe there's any other Company that can match that record. Others have recently appeared on the scene and bought existing projects or operations and not had to start or complete a permitting phase form the beginning - permitting renewals are a much simpler and predictable process.
In our +/- 15 years of investing in Venezuela we have enjoyed positive relations with the Government, local communities and employees. Crystallex has been one of the few international companies recognized in Bolivar State for it social programs with the award of the outstanding citizenship award.Crystallex has been reviewed numerous times by the Government Agencies and Committees (including the CVG, MIBAM, MinAmb and National Assembly) involved in the Mining Sector with positive conclusions and/or recommendations.
The Las Cristinas is a remarkable and rare deposit and we look forward to advancing the operations for the benefit of Venezuela, Local Communities, Stakeholders and Shareholders.
Regards,
Richard
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Richard Marshall
VP Investor Relations
Crystallex International Corporation
Tel: 800-738-1577
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From: XXXX [mailto:XXXX@telusplanet.net]
Sent: Thursday, August 28, 2008 2:40 PM
To: 'Richard Marshall'
Subject: Canacords Comments

Hi Richard,

I have copied Canacords comments for you to read (below) on their take on the Rusco/Gold Reserve offer and would like to hear what your take is on the following:

  1. Rusco being selected as the partner of choice by the Venezeulan Governments for gold mining opportunities in VZ?
  2. There comment about Crystallex getting swallowed up by someone with better Hugo Chavez relations?

Do you have anything new or old to support KRY’s exisiting and ongoing operations that supports your relations with the VZ authorities? Or current events that may be leading to a permit hopefully sometime soon.

Thanks.

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