Re: GRZ values its damages at a minimum of $1.928 billion or $30 per share.

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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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hondobud

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Re: GRZ values its damages at a minimum of $1.928 billion or $30 per share.

in response to

GRZ values its damages at a minimum of $1.928 billion or $30 per share.

oceang1

posted on Nov 19, 2012 02:57PM

Anyone have any type of accurate guess?

I'm sure someone can do this better than me.

GRZ had about half the estimated potential gold to process at their mine holdings compared to reserves estimates for LC.

So 1.9B compared to our 3.4B sounds about correct, if GRZ is using the same back of the envelope calculation as Fung and the variance of the gold price at the time of revocation.

What our share price will be? Seems we have already given much value away and have issued more shares, much more than GRZ has.

If Fung and his board continue down the "yellow brick road" of spending to an award, that mostly determines whether you will see a spike to $.20 or $2.00

Just hope there are some announced award(s) for companies in a similar situations to KRY before more DIP funding or dilution in shares or giveaways to the Bondholders is announced by our management.