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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Message: FYI. From GRZ site....older

Assuming US$ 240 million for the mining data, divided by 365.5 million shares = US$ 0.65 / share.

Gold Reserves' Las Brisas mine reported 40% less proven reserves than KRY's Las Cristinas mine, which makes the KRY mining data more valuable.

US$ 120 million tax los  benefit divided by 365.5 million shares = US$ 0.33 / share.

9% share of the NAP assuming a) $1.7 billion total award collection (including interest through 2019 and excluding the mining data value), b) 25% canadian tax (excluding the tax loss benefit) and c) $300 million secure and unsecure debt plus interest and $100 million expenses (including legal, administartive and "facilitating" payments) = $875 million x 9% / 365.5 million shares = $US 0.22 / share.

Total legacy shareholder value / share = $US 1.20, which is 4 times Paau's buyout price per share. 

IMPORTANT:
Financing costs after 2019 are unjustifiable since KRY had the money to pay its debt but the Tenor-KRY SS chose not use the available money to pay the taxes and then to pay the debt for their own "convenience". Therefore, interest expense after 2019 is Tenor's cost, not the shareholders'.

   

 

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