To: tanoose who wrote (5160 ) 2/12/1998 8:08:00 AM From: Dan P Read Replies (2) | Respond to of 10836
Frank: I congratulate you on your thorough and extensive due diligence on this company. I have personally followed Crystallex since 1992, when it was under the leadership of one Bobby Miller. What is not apparent to all of the newcomers(especially the doubters) is that this company changed dramatically once Marc Oppenheimer took over the leadership. I have had the privilege of meeting him, and discussing the prospects of Crystallex for several hours on more than one occasion. He is a rare individual indeed: extremely hard-working, dedicated to specific goals, and yet very down to earth and approachable. He is also gifted with an umbelievable memory and attention to detail. Finally, he is a humanist and has taken great pains to take into consideration the needs of the locals in Venezuela as well as the environment. Those of you who doubt this company would be completely converted by a face to face meeting with him. The point is that, not only is he an outstanding individual, but as I tallied the goals of the company, they were accomplished one by one. Listing on Toronto, getting rid of old baggage, listing on the Amex were all goals that were met. Beginning production in 1996 also occurred, and it was the first company to do that in the Km 88 district. Now, with the addition of Robert Fung, and Robert Nihon, and later with Paris, this company has risen to another level altogether. It is hard to escape the feeling that this ship is iron-clad and is going to sail to lofty destinations. Frank, you have an excellent grasp of the history of the recent events. One more point: Placer Dome, in applying for financing to develop the Las Cristinas, privately spoke of 20+million ounces not the 9 million ounces they were talking about publically. Bob Bishop has also more than once confirmed that his sources suggest a much larger resource than the published one. That is what the market is looking at. I believe that with continued success in the quest of the LC 4 and 6 this stock should be valued in the double digits without any question, no matter how you look at it: U.S. $15 or more if you include only published numbers, and well into the 20's if you assume 20 million ounces. Alberto, your point is exactly on target. What on earth is the martket trying to tell us? With hardly any sellers and still a lot of buying in the background, I have to believe that the buyers expect a double from these levels, which I believe is in the cards. I respect any differring opinions, and especially those who are short and are up front about it, but I think that the handwriting is on the wall and the signatures hopefully will soon appear on the SCJ official documents. Regards Dan