To be clear...

Doody was NOT saying that Kry was worth $7.00 per share!!

He has developed a method for the relative valuation of gold stocks which uses a calculation of the ratio of the toal market capitalization of the company (number of shares times the price per share) divided by the Proven and Probable resource ounces in the gorund.

Using this method he can compare the value in the stock. in terms of what an investor would have to pay to buy an ounce of gold in the ground. He says that by his calculation Agnico Eagle is valued at $240 per ounce in the gorund... which is way above average and means that AEM is expensive.

By that calculation he says that Crystallex is valued at only $7.00 per ounce in the ground which is far below average and means that KRY is very cheap. Even though it is so very cheap he does recommend it as a BUY.... because of HUGO.

I hope this explanation is clearer. Sorry for the confusion.