Crystallex International

Published: Thursday, February 10, 2011 11:13 (GMT-0400)

"While there has been talk that the government wants to do a single development of Las Cristinas and Brisas, we don't know what it's going to end up doing in the area. Supposedly, it's going to develop it with some Russian or Chinese companies, but it's a matter of waiting," Rivero said.

Why do these stupid journalists insist on mentioning the possibility of Las Cristinas being developed by the Chinese? Did they not get the memo that the MOC (and along with it any possibility of a KRY\Chinese JV) was cancelled over a week ago? Legally (given the terms of the Binding JV Agreement)....I don't think it would be too kosher for the Chinese to develop Las Cristinas after the MOC was cancelled. I presume that China would not attempt to substitute a different "Chinese" company for CRRC to mine Las Cristinas after KRY is given the heave ho.

Repeat....WHY?