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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: Major dive

Re: Chávez turns to Russians in gold venture - FT article

posted on Mar 06, 2009 02:21AM

don, gold may only provide a billion here, a billion there.....pretty soon you're talking about some real money.... another factor is that oil may provide huge cash flow but the end result for hugo on oil is a net loss right now (it's costing him more to produce than it's worth)....gold may only provide a small part of the income but it's profitable right now.....i guess i'm saying, if i was running venezuela i'd be getting anything that could provide profit up and running as quick as possible....am i wrong?

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