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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: Fill in the numbers please- a speculative math exercise

glad i'm not the only guy seeing more than worst case.

the figures used for $500 million are used by posters who are looking rock bottom/worst case which is still a 4 bagger.

Lets take the best case just to show the difference.

Debt doesn't change but lets add on an extra $50 million for taking this the distance.

Debt $250 million

Now lets take our full award and interest. Lets bump $3.8 billion award and give $200 million interest which isn't unreasonable to $4 billion.

Take off $250 million debt leaving $3.75 billion

Take off taxes (pick a number) which should leave us around $2.75 billion

Tenor gets around $960 million

Management gets $70 million on first $700 million and $40 million on the remaining $2 billion so $110 million.

That leaves us poor shareholders with $1.68 billion.

Round up our share count to 400 million with conversion of options and we have a figure of $4.20 a share.

This is a very rough calculation but if we can sit here and look at worst case we should also look at best case. When I say I believe we will get over a $1 a share it is based on not waiting over a year and the money is guaranteed. That whole bird in a hand vs the bush story. I can see as high as $2 within a year to settle.

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