Re: RM Conversation
in response to
by
posted on
Jul 16, 2010 12:44PM
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
Michele, I'm not sure if the concept that the Kry stock price will sky rocket was meant for the end of july. I think what most of the comments were alluding to is that when the deal closes in the 3rd quarter it will have to be accompanied with the permit.
IF/WHEN the new JV is formed and permit is issued it will be the closing of one door and the opening of another. We will be a 1/3 partner with a major global player in a 25 million plus ounce gold mine with gold prices well north on $1000.
With our current share price at .40 I don't think it would be a big stretch to believe our share price will be doubled on issuenece of the permit. Once construction starts later this year I believe we will see another double. If at any point during this process we get clarification on the gold sale law and it is favourable we should also see a double.
For fun here is my guess on share price and remember I have been wrong so far!
A&F agreement is finalized last week of July. Share price .45-.50
Kry share holders approve deal late August. Share price .50-.60
VZ issues the permit to the new JV in early Sept. Share price 1.00-1.20
VZ announces changes to the gold sale law in Sept. Share price 1.50-2.00
Construction on LC begins in October. Share price 2.50-4.00
Let the fun begin!