Re: is this part about tomorrow true? Taken from yahoo board.
posted on
Nov 25, 2008 02:52PM
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
Sorry but I used to believe that KRY would eventually get the permit, but not anymore. After looking at the original contract signed back in 2004 timeframe, I realized a 4% royalty was a joke and I don't blame Chavez for not wanting that deal.
Nothing worthwhile comes from the yahoo board.
Besides the 4% royalty payment, the contract calls for 40% of net income plus we fund all those projects.
When all is said and done our contract is in the ballpark of a 50/50 relationship.