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

To: Robert who wrote (6321)	3/6/1998 12:19:00 PM
From: The Vet	Respond to of 10836

Robert, I agree that nobody on this thread seems to bother to work out what KRY's property is really worth. I use GLR (GLDR on Nasdaq) as an example. They have an equivalent property in the same area with almost exactly the same gold, but they have the Veta rights already granted, they have proven up the property themselves with close spaced drilling, their results have been audited, they have done a preliminary feasibility study, they have no legal challenges to ownership and no court battles to fight, they have money in the bank, fewer shares issued than KRY and they trade under $3 USD a share. If Placer Dome want to keep a presence in the area without the doubts and hassles of KRY they could buy Gold Reserve with their petty cash and be producing gold within a couple of years.

To: Robert who wrote (6321)	3/6/1998 2:22:00 PM
From: Bob Walsh	Read Replies (1) \| Respond to of 10836

Robert, re "the property in dispute is probably uneconomic at $300 an oz, and that even if KRY won, they don't have the resources or the know how to develop it." It is funny but Placer has believed that it was economic to produce (not per their latest spin though). Placer estimated that the cost to produce would be $205 per ounce. Regarding know how: KRY has a producing mine (Albino)right next to LC 4 & 6 with costs that are I believe under $200 per ounce. Regarding resources - they will be able to get whatever resources they need. Bottom line, all of the points raised on CBC Buisness World indicate that the speaker doesn't know what he is talking about. Regards, Bob

To: Robert who wrote (6321)	3/7/1998 6:51:00 PM
From: alan miller	Respond to of 10836

Robert: I also saw that brief synopsis and agree that he said that Placer would have to be the one to mine the reserve. However, I believe that he emphasized that KRY is too small to mine it economically implying that Placer is the more qualified. He also implied that Placer would (should) win because of it's capacity...showing a blatant lack of research into the matter. If he doesn't accurately acknowledge the legalities of the play, I can't believe his veracity with regards to the economics of the reserve. He reiterated exactly what the "knee-jerk uninformed" have been saying on Bay street until recently. Better connected brokers have been calling ME about this play for my research...I assure you that I am only a lowly investor, not an analyst or broker or fund manager and have no inside track on KRY. regards, am