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Gold/Mining/Energy : Crystallex (KRY)
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To: Syncrude who wrote (10122)10/12/1999 1:46:00 PM
From: richard badauskas  Read Replies (1) of 10836
 
I agree with you that it is difficult to rely on second hand "translation" of Venz. law BUT it certainly makes it very interesting, the whole game on the Las Christinas concession is far from over and probably explains why PDG stopped work on the project. It was not the grade of the deposit, it was the uncertainty surrounding title to the deposit. I would imagine it would be impossible to obtain financing without having clear registered title to the land.

I only came across this stock recently and do not have a detailed knowledge, my guess would be that PDG stopped work on the project when they saw drafts of the new mining law and started to digest the ramifications of the absence of having clear legal title. A few weeks ago this did not matter BUT gold has risen dramatically and we NOW a major dispute with great value to the winner.
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