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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: Back of the envelope calculation...

Back of the envelope calculation...

posted on Jun 25, 2009 09:15PM

...let's conservatively assume 1.75 Billion Dollar buyout (assume the world is a happy place and hope that we get cash on the barrelhead):

300,000,000 shares outstanding

Ignore Heavy Equipment Asset (conservatively assumed to be thrown in to 'get 'er done')

Outstanding Liabilities including warrants, options, bondholders, tax, license, etc.: Let's use $250,000,000 since I have no clue being that I do no DD

1.75 Billion - .25 Billion = 1.5 Billion Net for distribution to shareholders

$1.5 Billion\300,000,000 shares = $5.00\share + $.20\share (current share value)

Equals $5.20\share

That seems way too high. I must have screwed that calculation up. Anyone want to sharpen the pencil on that pipe dream?

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