MY TWO CENTS

Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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KENTUNDERBERG

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MY TWO CENTS

posted on Feb 23, 2008 05:43AM

One thing is when a ceo starts talking about what the company is going to do and not do, don't believe it, fact is you would be better off believing the exact opposite.

The price of kry, lets start with 20 million oz. Am now going to use very very conservative numbers, gold at 900. cost of extraction 350, leaves 550. royalties are 5%. 550-27.50=522.50 Not sure what taxes will be so let knock of another 100 + . this brings us sown to 400 in pocket. Now to be safe lets knock off another 100 for smiles.We are now left with 300 in pocket. 300 x 20,000,000,000.00= 6,000,000,000. Now divide this by shares outstanding ( I used 293 million playing it safe and extra 3 million share) that is $20 a share. Now lets knock off $10 bucks for my stupidity and we are down to $10 a share not 4.75 as stated by some analyst that has and agenda to serve.

Guys i know this is not at all accurate but you get my point kry is way under valued even now, what will it be when the permit is issued!!! Just a thought