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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: interesting...What can we take from this? rundle
3
Mar 15, 2008 01:01AM

run, a lot can be "inferred" from this..here are some of my thoughts.

san remo wanted to buy 1/2 minecorps for $2,000,000.

that would give san remo approx 30k oz of "indicated" gold.

2,000,000/30k= $66oz

these prices were based on $450-$550 gold for a company that has a very small deposit, has been working the land since 95' and has'nt begun the permitting process. also, "indicated" is a lot different than P&P. minecorp seemed to be glad they were able to get out of the deal with remo thinking thier deposit was worth more.....

heck man, if minecorp's deposit is worth more than $66oz without beginning the permit process, what is kry worth right now? $200oz without a permit?

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