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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: KRY Pricing - Permit Day & Buy Out Day

KRY Pricing - Permit Day & Buy Out Day

posted on Mar 15, 2008 02:22PM

BullFrog,

 My estimations are as follows-

Without Manipulation, SP should be : $5  

After Permit Issuance at Peak Speculation Drive :  $10-12

Buyout After Permit :  $15-20 (could be higher based on the recent sale of Gold Fields to Rusoro, and we can't rule out a bidding war between multiple companies due to worldwide gold shortages.)

Price at Full Production : $25-35 (18-24 months)

 Prices are based on 20-25M oz. of gold on the Las Cristinas Property and a gold price at US $1,000-$1500/oz. 

 I picked Monday as Bagel Day in the "Permit Pool"so I've got my fingers crossed news occurs tomorrow on the Alo Presidente broadcast. I chose this day, as Sanz's two month tour of the Bolivar State dealing with mining issues is suppose to come to a close and it is the "Luck of the Irish Day!"  Good luck Longs.

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