I don't think VZ can post a bond so either they will negotiate a deal with Crystallex or they will default - they haven't got the cash to pay us. I've no idea what deal they can offer - it would seem after GRZ everything has gone.

The only way for Vz to get out of this because they have no cash is to tie the payment of the award to the money they receive  from mining via GRZ.  They do own 55% of the Mine and they may be producing eventually. When in full op they claim 42T of gold per year will be produced. Sounds extraordinarily optimistic to me. That is $1.4B per year x 55%.  Are they dreaming?