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

To: ChatterjeeP who wrote (10804)	8/1/2003 2:21:09 PM
From: Valuepro	Read Replies (1) \| Respond to of 10836

Hard to tell. Assuming a buy out, there are no comparable sales in the market reflecting both the current price of gold and the amount of gold at Las Cristinas. Some recent press has, however, attempted to compare it to last month's East Africa Gold Mines acquisition by PDG. There are many reasons why this doesn't work, except in support of an extremely low end to the potential value that can be demonstrated for LC. Otherwise, this is like comparing the price per pound of a VW Beetle (EAGM) to that of a Lincoln Continental (LC). Be that as is it may, EAGM sold for $70 per reserve ounce and $100 per ounce of resources. Las Cristinas has 10.1 million ounces in reserves (so far) out of a resource base of 21-point-something million ounces. Figure fully diluted shares out at about 120 million (for now), IMO. Do the math, then throw a dart at a board.