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Re: sdy post# 563

Thursday, 02/17/2011 11:20:41 AM

Thursday, February 17, 2011 11:20:41 AM

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Yes, and under the Las Cristinas Project they own the rights to the MOC (Mine Operating Contract). They had it taken away and are going to arbitration. They are seeking 3.8 billion in damages. Venezuela has a history of going to arbitration and have lost I believe all of them. Time frame for arbitration typically last 2-4 years, but most have been settled before this time frame. Kry has a strong case.
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