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: HEADS UP!!!!!!!!!!!!!!!!!!... I HOPE THAT IS NOT TRUE

Now why would GRZ be up with bad news like that ?

Bad news!!! That would be wonderful news for GRZ!

They save all their cash and equipment to put into a mine somewhere else.

They can start legal proceedings against Venezuela immediately for $300 million already expended plus a billion and a half for lost profits. Once the Vens officially throw them out they can move the very next day.

They pick up $500 million from Rusoro/Endeavour in the Canadian courts.

Let's add that up. OK $1.8 billion plus the $100 million already in hand. That's close enough to $2 billion coming in in the next couple of years. $36 a share less a bit for expenses, say $30 a share in round figures. I can wait a couple of years for that sort of return!





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