Re: Gold Reserve Notifies Venezuelan Government of Investment Dispute
posted on
Apr 21, 2009 03:14PM
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
18 billion would be nice but we will get nowwhere near that.
That is simply ounces x price of gold. The price will be a large step up from any buy out offer however. This is just rough but if we $900 for gold witha $400 cost that still leaves $500 x 60% our share of being $300 an ounce x 20 million or 6.6 Billion or about $20 a share.
To me that is worth fighting for. Arbitration is starting to look pretty good.