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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: A little nugget (what kind on nugget) shines in the heart of oil town

Re: Venezuela cannot be forced to return the property

posted on Oct 31, 2008 07:46AM

The damages due Crystallex would be huge -- take a look at the damages under the treaty -- they have a specific contract with us from which damages, including costs incurred and all anticipated revenue for the life of the deal (likely at NPV) would be included.

Don't thik we'll have to go that way, but the award would be in the billions. Infinito is only looking for a hundered million and has a very weak case unlike us.

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