The gigantic faux-pas committed by both Chavez and Minister Sanz was to boastfully project the imminent seizure and hand-over to Russia of huge chunks of Venezuela's massive gold mining resources to the Russians in an apparent rout to Venezuelan Guayana Corporation (CVG) contractor, Canadian (Toronto-based) Crystallex International, which has a cast iron mine-operating contract with the Venezuelan state-owned entity to mine gold estimated at well over 20 million troy ounces over a 20-40 years period.

With this statement, Roy confirms the Reuters news release.