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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Message: Analyst Report from Maybach Financial available...

The new "report" is dated August 11, 2008. What a complete joke...


Maybach Financial requested an analyst opinion on Crystallex International Corporation on August 07th, 2008 on Marketwire, which was completed from one of our partnered Analysts on August 11th, 2008.

Exchange : American Exchange

Symbol : KRY

Previous Close : $ 0.75

Website : www.crystallex.com

Company Description:

Crystallex International Corporation, together with its subsidiaries, engages in the exploration, development, mining, production, and processing of gold in Venezuela. The company owns interests in the Las Cristinas project comprising proven and probable reserves of approximately 16.86 million ounces of gold, located in Sifontes Municipality in Bolivar State, Venezuela. It also has interests in Tomi operations, the Lo Increible properties, and the Revemin mill located in Bolivar State, Venezuela.

6 Months Chart:

Company Analysis:

July 24, Crystallex International said the Chavez Government has urged the minister to reconsider the decision of banning the company's mining operations at the Las Cristinas mine, if Crystallex agreed to discuss certain modifications including: 1) Further optimizing the social projects in the area, 2) Mitigating the impact of open vein deposit mining in the currently affected areas of the Imacata and 3) Improving the remediation plans at the end of mine life as well as to remediate the existing environmental damage caused by the illegal miners who have worked in the area.

Analyst Opinion:

It looks like the government is supportive for Crystallex. The uncertainty remains as for when the mining can really restart, but we are seeing more and more hopes. As the country's largest gold deposit, the Las Cristinas project represents an excellent growth opportunity if brought back to live. We are maintaining our neutral opinion pending additional clarity on this issue.

Analyst Opinion Completed By : Lili Zhang

Disclaimer: All investment entails inherent risk. Maybach Financial (MBF) and our partnered analysts research seeks to assist investors in determining when to buy and when to sell to attempt to maximize profits or minimize losses. All final investment decisions are yours and as a result you could make or lose money. Maybach Financial (MBF) and our partnered Analysts, its employees and/or its affiliates and family members may from time to time take positions in the open market or otherwise with respect to the securities discussed. Maybach Financial (MBF) and our partnered Analysts, its employees and/or affiliates do not have stock ownership equal to or greater than 1% of the outstanding stock of the covered company nor does any employee of our partnered analysts sit on the Board of Directors of any covered company. Our partnered analysts are not brokers/dealers, and the firms do not underwrite securities, manage assets or perform investment banking activities. The statements made herein include information obtained from sources believed to be reliable, but no independent verification has been made and we do not guarantee its accuracy or completeness. The statements made herein contain general information and do not constitute an offer to buy or sell any security.

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