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

To: bob jaremsek who wrote (7196)	3/19/1998 11:52:00 PM
From: Thomas Benjamin	Read Replies (1) \| Respond to of 10836

Could a KRY supporter please explain to me why KRY is worth more than $3/share (at best for Albino) if as per the Reuters item (and John Ing's appraisal) the LC deposit requires a $375 POG to be economic? I expect to be flamed heavily, but I will state for the record I have NO POSITION either way in KRY. I am however intrigued by the KRY saga and in particular the fanaticism of both sides of the argument. I have found out a lot about my own trading personality by following the KRY story and reading the forums here and at Stockhouse.

To: bob jaremsek who wrote (7196)	3/20/1998 6:03:00 AM
From: Valentine	Read Replies (1) \| Respond to of 10836

The average carrying value in NAV calculations of Las Cristinas of all the analysts that cover PDG is between $100 and $200 million USD, or more than the KRY market cap. in recent weeks. In speaking with many of these analysts they admit that using a long-term gold price of $325 gets the NAV to ZERO. That is the real irony here. Even if they win, which would be years away, the market cap. of KRY could not rationally be supported and the stock would still be overvalued. Sad but very true. All the crap about a smaller mine or mining more slowly would only serve to reduce the NAV of the property even further. Sad but also true.