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Gold/Mining/Energy : Crystallex (KRY)
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To: John Dally who wrote (10156)10/30/1999 11:55:00 PM
From: Syncrude  Read Replies (2) of 10836
 
John,

You forgot to subtract production since the 420,000 oz reserves were announced a long time ago. Using 350,000 oz at $50 USD in-the-ground converted into Canadian funds roughly equals the $25mm CDN debt. The use of $50 USD is quite generous. The value of SG resides purely in a significant addition to reserves.
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