Re: This is just astounding..

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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jimmijazz

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Re: This is just astounding..

in response to

Re: This is just astounding..

samspade

posted on Sep 08, 2010 03:27PM

When you say 16.8 million ounces Proven you are definitely not over estimating the amount of gold.

For anyone who is new or has forgotten, go the Crystallex website and look at pages 22 and 23 from the June AGM. The figures used for the reserve and resource report use $550 for a gold price and the chart on page 23 only goes as high as $800 an ounce.

With gold over $1250 an ounce right now and predicted to go higher it will be interesting when they do a current R&R report. I've said for quiet awhile now I believe the figure will be between 25 and 30 million ounces giving us our share at 9-10 million ounces.