Crystallex (KRY) Message Board

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Gold/Mining/Energy : Crystallex (KRY)

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To: Syncrude who wrote (10161)	10/31/1999 1:11:00 PM
From: charred	Read Replies (1) of 10836

Hello Syncrude, I agree. However, still the value of the company is based on it's minable reserves. We are looking 350,000 ounces not much more. There is outside as well. Mining equipment isn't worth much after the reserves are exhausted. Sure they can sell some of the equipment for but not 70 million. No way. The assets of 108 million is just what is written on the books to make MO and the board look good. The interviewer really didn't understand mining. Another way of putting this, do you think you value the assets of Microsoft by the number of building and computers. Of course not. KRY is valued by the minable and potential resources not the drills and mill. Make sense doesn't it. Cheers

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