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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: $100 gold price is definitely a lowball figure
1
Jun 24, 2009 11:51AM
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Jun 24, 2009 11:56AM
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Jun 24, 2009 12:33PM
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Jun 24, 2009 12:46PM

I agree, JCWillis,

$2B is DEFINITELY below minimum.

...considering the gap here between gold's spot price and this "mysto" $100/oz, reconsider that gap if gold is at $3500/oz (or more)....hmmmm....or...could this really means all rolls royces are really only worth $2.98?...no diamonds on earth are worth more than 25 cents, ...picassos are MAYBE worth 75 cents, and all the money guys who can finance KRY's development (or arbitration) will be so effin busy buying up rolls royces and picassos that they won't want to spend any of their pocket backing KRY all because Hugo is such a problemo that whatever comes out of Venezuela has no value?

...it occurs to me that if Fung says there is no financial problem for KRY to survive through arbitration if it should happen, then it logically follows there is no problem doing it if the PRICE OF GOLD goes ballistic.

...at least I hope above is true.

7
bmh
Jun 24, 2009 01:40PM
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Jun 24, 2009 05:31PM
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