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Gold/Mining/Energy : Crystallex (KRY)
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To: Robert who wrote (6321)3/6/1998 12:19:00 PM
From: The Vet   of 10836
 
Robert, I agree that nobody on this thread seems to bother to work out what KRY's property is really worth. I use GLR (GLDR on Nasdaq) as an example. They have an equivalent property in the same area with almost exactly the same gold, but they have the Veta rights already granted, they have proven up the property themselves with close spaced drilling, their results have been audited, they have done a preliminary feasibility study, they have no legal challenges to ownership and no court battles to fight, they have money in the bank, fewer shares issued than KRY and they trade under $3 USD a share. If Placer Dome want to keep a presence in the area without the doubts and hassles of KRY they could buy Gold Reserve with their petty cash and be producing gold within a couple of years.
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