Saturday, August 30, 2008
Venezuelan Mining Company is a Buy
'Ian, should we continue holding the Crystallex (KRY) position you recommended in June?' Having just received that question, we wanted to answer it publicly in case you had a similar question. The shortest, quickest answer is yes. The longer answer: There's still no word on Crystallex's future in Venezuela. But the company is reporting that a team led by the Vice Minister completed a site visit of the Las Cristinas project. 'While it's early to predict the results of the process, we are encouraged by the progress made and the completion of the site visit, and remain optimistic about a prompt and successful completion of the process,' says Crystallex's Chairman and CEO. And, we remain as bullish as the CEO.
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