Re: Some quick arb math for those who want more detail...........nz correction
in response to
by
posted on
Dec 08, 2011 11:55AM
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
Ooops,
Thanks for the correction about the principal being subtracted first before the CVR percentage is applied. I left that out. My bad.
Alright, so at the $300 million level, that gives us (the shareholders), $75 million, or $0.1875 a share. At the $500 million level that gives us $177 million or $0.44 cents a share, and at $600 million, that leaves us with $228 million or $0.57 cents a share.
Thanks for the correction, that is a significant difference, especially at the smaller settlements.
Keep in mind, I didn't factor any cash we may have remaining at the arbitartion time for remaining equipment, data that we may have sold, etc.
Cheers,
FK.