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

To: Fulvio Castelli who wrote (7253)	3/20/1998 1:12:00 PM
From: Gutman	Respond to of 10836

Mr. Fulvio Castelli, I noticed that you did not dispute my computations. Your argument seems to rest on the assumption that the price of gold will be at a high enough level (say $375) by the time the mine is built so as to make it profitable. Well, I wish I had a dollar for all the gold "experts" (including mining companies) who a year ago predicted that the price of gold today would be $375+. Are you one of them? If you want to speculate on gold going back to $375, there are many other stocks that offer less risk and more reward than KRY does now. Who is going to lend Placer the money it needs to build a $650 million mine on the hope that the price of gold will be $375 when the mine is built? Who will lend KRY $250 million to build a smaller mine and mill on the same assumptions? If the winner of LC can't borrow the money then it will have to issue new stock. LOL!