Crystallex International

Welcome to the Crystallex HUB on AGORACOM "Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."

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Re: Why 1/3 rd?

over 14 years ago

in response to auntierooski's message

Hence the furthest this stock might go in trading is $2B divided by 300 M shares divided by 2 again (contingency reasons). Down the road 2 years max. If it's all we can get it's better than nothing.

But we also have a lot of room for upside surprises now that we are off life support and breathing.

The price of gold may actually go up from here -- ask GW.

We may get to mine a lot more areas than LC since this is THE model that Hugo has droned on about for a long time.

There is also likely a lot more gold in LC than current reserves.

Those ideas combined with the protection we get from a Chinese government company that wants to dig up and process every ounce they can find seems like a lot better situation than we were in last week.