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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: Can someone help me with my math?

Can someone help me with my math?

posted on Sep 08, 2008 07:18PM

I have submitted a question to Richard Marshall to help me understand what Mr. Fung stated in his presentation at the Denver Forum today. This is what he said:

"at our current market price, essentially Crystallex is selling at somewhere in the order of 20 to 22 dollars per oz in the ground"

Ok, can someone tell me what this translates to if we reverse the math assuming we have the EIS permit? Or just tell me what the heck he is saying. (I know we are under valued, but with gold at $800 per ounce is he saying we should be closer to $40.00 per unit?)

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Sep 08, 2008 08:21PM
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