Re: Chinese motivation
in response to
by
posted on
Oct 06, 2010 08:21AM
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
Teut, I certainly agree with your thoughts. CREC would not walk away assuming the terms have remained the same which we hear they have. But I'll throw this question out there, with gold now at $1,350 an ounce and projected by some to soar to even higher levels and VZ desperate for cash flows besides oil, why wouldn't VZ ask for more (probably under the table) out of LC? 6% in royalties doesn't seem like much and taxable income can be a game in of itself.