Re: 2-3 years till production?
in response to
by
posted on
Jul 24, 2010 08:28AM
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
Please allow me to change that in ground price per ounce fiqure to $8.80.
Actual present value based on $1150 Gold or $800 per ounce profit would be 16 Billion dollars. Again based on my fiqures of 20 million ounces.
Inground value based on to-days close of .44 cents CDN would therefore be 400 million shares multipyed by .44 cents or 176 million dollars.
Quite a difference between Actual value of 16 Billion dollars and present value based on to-days closing of 176 million dollars.
Our JV partners are very astute investors.
We have every right to look forward to many exciting news releases in the future from this joint venture.
My apologies, the late night hours were getting to me.