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Gold/Mining/Energy : Crystallex (KRY)
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To: charred who wrote (10136)10/28/1999 8:37:00 AM
From: Syncrude  Read Replies (1) of 10836
 
charred,

Milling equipment can be dismantled and sold, and this frequently happens. Same as for drilling equipment. Any mining analyst will include equipment and place a separate value on it, as well as a value for development potential.

You have a strange way to value things, but, as usual, you do it to fit your pre-conceived views!

In any case, as long as Crystallex does not develop San Gregorio, no value will acrrue to shareholders. The acquisition was value-neutral to the Company, ie. the purchase price was close to market value of assets acquired, considering the debt incurred. Too bad they have been sitting on it!

Another example of your lack of balance is when you say there is no development potential. Why would you say this when the area is already producing and not all targets had been drilled by the previous owner?

It remains to be seen if MO has enough confidence in the company to actually risk money and buy a significant amount of shares. I doubt he will....
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