Re: EZ your numbers are way too low

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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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Z_Greek

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Re: EZ your numbers are way too low

in response to

EZ your numbers are way too low

no_bear

posted on Jun 03, 2011 04:15PM

Thanks for the info Nobear.

One interesting point from your comments is the portion dealing with "shall be based on the genuine value of the investment or returns expropriated immediately before the expropriation or at the time the proposed expropriation became public knowledge, whichever is the earlier".

In previous posts it seemed to me that the assumption was that compensation would be partially based on the price of gold at the time that the environmental permit was denied back in 2008. In my view the expropriation occurredwhen the MOC was withdrawn in February 2011 implying a much higher price for gold and subsequent substantial increase in the estimate for possible compensation.