Re: We might have a fake Bounce! -- recheck your math

Welcome to the Crystallex HUB on AGORACOM

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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no_bear

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Re: We might have a fake Bounce! -- recheck your math

in response to

We might have a fake Bounce!

gservi

posted on Dec 01, 2009 05:22PM

"At $0.28 we are worth $75.00 gold ounce. Spot is closer to $1200"

You might want to recalculate that -- at 28 cents a share, rounding to 350 million shares FD and 20 million ounce reserve (low at $1200 spot) we are under $5 per proven ounce, an unbelievable steal IMHO.

$75 an ounce for our reserve base would put us close to $5, still quite a deal with gold at $1200 and heading up.

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