Crystallex (KRY) Message Board

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Gold/Mining/Energy : Crystallex (KRY)

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To: Fulvio Castelli who wrote (5135)	2/11/1998 6:47:00 PM
From: charred	Read Replies (1) of 10836

Fulvio: There is no need to assume anything. The facts are the LC contains 9 millions ounces of gold and the Albino 309,000 ounces. I am not sure how many shares are outstanding but lets say 35,000,000. This has to be check on. Does anyone know the exact amount? Okay in today's market lets use $30US per ounce X 9 million ounces = $270,000,000US =$ 7.7US per share. Usually I use $50 per ounce when gold is higher. The market cap is already saying a win. I was wrong before about a $20 share price. I thought there were less shares outstanding. Viper is right. So if KRY wins the company has may a short lived 5 dollar increase. If they lose it is worth $2CDN. It will drop a brick. This is a risky investment which go anyway. To risky to buy or short for me. It is either 9.3 millions ounces or 0.3 million ounces. To all good luck.

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