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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: Re: CJR's, Newfie, Optionsgal, EZ (CJR)
2
Aug 14, 2010 11:16AM
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Aug 14, 2010 05:52PM
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Aug 14, 2010 08:39PM

GW, I agree. The smart money is factoring an huge risk discount at this point and Venezuela is a big part of that risk, but I also see the JV , permit , and currency exchange / gold sale law as risk factors they are considering too. Once these milestones are passed and the situation is less complex, the valuation might change to reflect that.

I really don't expect a buyout, not until the JV is actually mining and KRY is showing a positive cash flow, but that's only my personal opinion.

If the government changes in Venezuela, my price limit goes up to $10.00 CDN

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