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

To: Bob Walsh who wrote (5663)	2/23/1998 12:00:00 PM
From: shorty	Read Replies (3) \| Respond to of 10836

Good Morning, Spent the weekend looking at drill results. 1st to the gentleman that said GLR had a lower grade of ore. In some drill samples they did. But over all the quality of their property was very consitent with that of Las Christinas. Current market cap of 24 million shares values GLR at 81 million Canadian. With 50 million Canadian in the bank. Net value for 40% of this property $31 million CDN. They are the only ones with the hard rock liscence to MINE. The Venuzuelan GOV will decide what is in their best intrest. Not KRY or PDG ! KRY back in June 97 with a much higher Gold price was over valued at its high if $8. With its mine loosing money and if Gold prices stay here, facing eventual shutdown, with what every one is saying is that based on posible copper rights to 4 and 6 and an Appeal on the Gold concession this company is worth $340 million. I personally am short on KRY and can only hope that a fool and his money are soon parted. The real value here is GLR or GLDR. Who have the gold and the right to mine it. Even if (highly unlikely) KRY wins they can't afford to develope and don't have the liscencing required. Whats that worth ? Can't wait to hear the decision !!!