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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: sell and pps and vol and spread
3
Jun 27, 2011 01:09PM

Well they had 8 million at 3/31 and should burn about a million a month based on recent history since LC is done as of 3/31, so assuming no cash infusion from the line of credit or equipment sale they should have around 5 million. Almost enough to pay the next interest payment and salaries through July.

BTW -- I missed it in my first read of the June 24 PR, but I see that Bill Faust finally is leaving -- not much use for a guy that builds mines at Crystallex.

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