Re: Remove sell orders (now $1.15)
in response to
by
posted on
Jun 07, 2010 09:16AM
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
The minimum arbitration price RF said was 2 billion plus. We are now worth a lot more. We are having our debt removed $100,000,000 plus interest. We now have some one supplying all the money to build the mine. Our costs have been removed and our portion will be subtracted from future gold sales.
The way I see it is we have a 33% stake in a 20-30 million ounce gold mine with gold north of $1200 an ounce. Even with some dilution to say 400 million shares, for those willing to stick it out our share is 7plus million ounces of gold. I'll let someone else figure the taxes and royalties we will pay but we should get at least 3.5-4 billion dollars. By my quick guess that is about $10 a share.