Crystallex International

One thing that hasn't been discussed is the reaction of the CREC...

I don't believe that they are involved in some backroom deal with VN, they have a reputation to protect and they are not going to publicly screw a JV partner.

Assuming the above, CREC would have been blindsided like us, their chance to mine LC stripped away...they must be pissed.

Now I don't think that they would make a big fuss in public view, but I don't think that they will let this go without some reaction...a year of preparation, assurances from VN etc. CREC is an extention of the Chinese government with 51% ownership.

So what will the Chinese do now?

One thing I noticed is CREC wasn't mentioned a lot in the media coverage or the JV. The media reports focused on KRY.

NZranger