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


To: Valuepro who wrote (10805)8/2/2003 3:07:49 PM
From: james flannigan  Read Replies (1) | Respond to of 10836
 
Valuation? In 1996 when the POG was $350, ABX made a suprize takeover bid for all the outstanding stock of jr explorer Arequipa Resources AQP.T .The sale price was C$32.00 per share.AQP had only drilled about a dozen or so holes,and told shareholders that based on the spacing that about 7m oz of gold was thought to be present.The deposit is called the Preina, it is located in Brazil.If we contain 22m oz in Kry and they were to keep the drill turning the stock price based on the AQP buyout should be far greater than it is now.