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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: John Dally who wrote (10156)	10/30/1999 8:42:00 PM
From: William Peavey	Respond to of 10836

John, Nice little back of the envelope analysis. I would be delighted for PDG to buy KRY out. They announced their buyout of GGO on my birthday last December. Two for two would be outstanding! But as charred suggests it would be a lot more to Marc O's advantage if he owned some shares along with the rest of us. And more encouraging to us. Bill

To: John Dally who wrote (10156)	10/30/1999 11:55:00 PM
From: Syncrude	Read Replies (2) \| Respond to 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.