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


To: Andy who wrote (6907)3/16/1998 7:09:00 PM
From: Valentine  Read Replies (1) | Respond to of 10836
 
I could have 50 million ounces of gold that has total extraction costs of $300 per/oz and the property would have an NAV of ZERO. Check with any worthy analyst in the mining sector for a LC 4&6 NAV. The estimates run from $100 to $200 million, or less than 50 cents per PDG share. (Also the high end is KRY mktcap assuming 100%)

The deposit is only 2/3 in LC 4&6. ANY development would include a carried interest for the government of Ven., etc., etc. I could go on and on attempting to educate you but my time is too valuable. Cheers.
MO only owns one tie and it is stained and ugly. Yet he is the future of Venezuelan gold mining. This is too funny. All of your information comes from MO and KRY sources and is fabricated. I am only trying to help. I anxiously await the upcoming admission decision.



To: Andy who wrote (6907)3/17/1998 11:11:00 AM
From: Gutman  Read Replies (1) | Respond to of 10836
 
Andy, I think it unlikely that KRY will end up with 100% of LC. I
don't think even KRY management believe that. Assuming they win in court,
the government will in some form take at least the 30% that CVG
would have had, IMO.
BTW, have you worked out the economics of the project, even at a
capital cost of $200 million and a production rate of, say, 200,000
ounces per year? Has anyone?