This weekend I spoke with a Canadian friend living and working in the investment community in China. This what he told me about the CRRC deal:

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China Railway group involved in all aspects of rail and tunnel construction. They are a big Government company and credible. The company is a conduit for the Chinese Government to funnel monies into development. If they invest in a project it means they see obvious extraction and profits. Primary motivation is always access to the resource for the long term.

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I will be buying more stock this coming week if it stays below CAD 50 cents.

This deal gets done. I haven't been so sure about an investment as I am now about KRY.

Sadly, many here will sell at the first pop to get out of a long wait and to recoup their original investment. So be it. To those fortunate to hang on for another 12 months or so are going to be very happy campers. 30 million oz's extracted over 15 years with Chinese political and cash clout, priced at world gold spot price and at a favorable exchange rate the Chinese will handle.

Teutracker