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

To: Gutman who wrote (7328)	3/24/1998 8:08:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 10836

Gold mineable 30 years in the future adds substantially to a company's value. Don't be a fool. A hundred year gold mine is worth the same as a 5 year mine? Come on deep thinker! Yes I think 200 dollars an ounce is less than the present price. And who said its actually as much as that? I had heard it may be as little as 50 dollars an ounce! And dome themselves were saying last year that there may be as many as 22 million ounces. AND Los Cristinas 6 is not even EXPLORED YET. AND the Albino WILL go to OVER 1,000,000 ounces. Now how much would you pay for this kitchen appliance? Don't you wish you owned it? When kilometre 88 was "discovered" everybody was breaking their necks to get in there. Now its "rock". Well, make up you minds.

To: Gutman who wrote (7328)	3/24/1998 11:14:00 PM
From: Bill Jackson	Respond to of 10836

Gutman, A mine will typically have an exploitation plan based on 8-15 years. Rarely will they plan for under 8 as the machinery is very longlived and expensive and can readily be made to work for 100 years, with maintenance(unless new tech obsoletes it). Some mines are so large that they will last for 30-100 years. It is quite true that people seem to place an upper limit on the gold, as you say go to 30 years and most people do not plan that far ahead, and so there is an asymptotic approach to the operation. The start up costs get to zero and it is all labour, chemicals and maintenance and it gets valued like a bond(assuming it pays a dividend, no didviden=low value) that pay the same rate. So if they pay $7 per share dividend you will get them valued at $80-100, perhaps more, but you could buy a bond and get that same 7% for $100, and so it goes. Of course if Kry is at $4 and goes to $100 and stays there, that is not bad and fits some people. I would take my $100 and lok at oher things. Bill