I do not expect the Chinese to buy out GRZ because the VZ gold sale law makes large-scale mining unprofitable. However the Chinese will finance and build the mine. The Venezuelans fully understand that this mine is going nowhere without GRZ's data. The Chinese could facilitate a settlement by providing a loan to VZ. So, yes, GRZ is dead money...until VZ realizes that, regardless of the ICSID outcome, they will not get an oz of gold out of this mine for the next 7+ years unless they settle. Given that the ICSID panel is sending clear signals that they're exploring the value of the mine, it's amazing that the Venezuelans haven't settled this yet.
I expect they mite buy out Grz.I don't think Venezuela is going to give Citic 45%of the profit for 13% intrest on 2 billion........CARACAS, Venezuela (AP) — Chinese and Venezuelan officials signed an agreement Friday to jointly develop one of the world's largest gold mines.