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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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Message: Post Permit Market Cap

Post Permit Market Cap

posted on Aug 24, 2008 12:06PM

Diverse expectations posted over the last couple of days regarding a post permit sp. I will share my simple opinion, which I base on historical facts.

Facts:

1. Market cap of Crystallex was USD $1.4 Billion in May of 2007 without the actual permit.

2. Kinross offered USD $1.2 Billion for Aurelian recently.

A few more historical facts (some are my interpretation and I assign a different value to) that I take into account.

A. Equadorian political climate at the time of buyout offer. This cannot be overstated.

B. Venezuela political climate.

C. Aurelian inferred resources.

D. Crystallex inferred resources as it relates to market cap intraday high vs. increase in resources vs. POG.

E. POG and the relationship with Crystallex market cap.

F. Buyout price for Aurelian vs. non-buyout sp.

G. Political issues in Venezuela will be mute (short of armed revolution) as it relates to Crystallex after permit issuance. Jobs will be created and the mining sector plan by Sanz will be in full swing. Crystallex has demonstrated a good track record with the unions and locals. Normal operational challenges are just that "normal".

H. Crystallex cost to get the estimated 21 million ounces of Gold out of the ground.

I. Crystallex' 16+ years of experience in the country.

J. Buyout possibilities down the road.

K. Acquisition possibilities down the road.

L. 52 week high of USD $3.50

M. Infojoe's 3rd side of the coin:).

To get to the point. Market cap estimate USD $1.5 Billion to $1.8 Billion post permit within 3-5 sessions.


Aug 24, 2008 12:22PM

Aug 24, 2008 12:22PM
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Aug 24, 2008 12:42PM
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