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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: RM Conversation
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Jul 16, 2010 12:21PM
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Jul 16, 2010 12:37PM

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!

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