Re: Another scenario.....and Chinese math.

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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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finance kid

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Re: Another scenario.....and Chinese math.

in response to

Another scenario.....and Chinese math.

finance kid

posted on Mar 10, 2011 08:17AM

Oops,

I forgot to mention, GRZ could also potentially be under this same scenario. An offer of $250 - $300 million ($4-$5 a share) probably wouldn't get rejected there. The whole area could be taken over for less than $1 billion. For access to about 40 million ounces of gold and lots of copper, that seems like a steal. Kinda like what venezuela is known for lately, huh.