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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: Re: How Much Further
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Jul 07, 2017 05:34PM
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Jul 08, 2017 12:00AM
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Jul 08, 2017 10:41PM

Jul 08, 2017 10:53PM

Jul 10, 2017 11:50AM
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Jul 18, 2017 09:35AM
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bmh
Jul 18, 2017 10:49AM
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Jul 18, 2017 11:52AM

Jul 18, 2017 11:58AM

bmh
Jul 18, 2017 01:02PM

Jul 18, 2017 03:54PM

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?


Jul 20, 2017 01:27AM
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