Welcome to the Crystallex HUB on AGORACOM

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: The Rusoro Q2 report...
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Aug 29, 2008 02:57PM
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Aug 29, 2008 03:33PM
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Aug 29, 2008 03:53PM
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Aug 29, 2008 04:00PM

Probably the more important issue (following the permit) is the ability to sell gold outside the country. Currently, all gold must be sold to the government (at world market US dollar spot rates). The company has applied for a license to sell 85% outside the country, which would pretty much moot the currency issue for KRY. The proceeds from the 15% sold to the government would be used for wages, royalties, taxes, etc. inside the country.

Agreed, all problems we want to have. LOL

Good weekend back at ya

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