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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: Crystallex at PDAC conference in Toronto

Re: Crystallex at PDAC conference in Toronto

posted on Mar 03, 2009 06:18AM

The numbers that Doody referred to was in a big table with a ton of numbers. He was not presenting a current analysis. The data in the table was probably not the most current.He was simply trying to make a point about how one goes about picking a winning mining stock. He was saying that just becuase the stock looks very cheap by this measure, it is not necessarily recommended as a buy. You also have to take other things into consideration like the political risk.

In that regard, he used KRY as an example. His comment was :"Who knows if the( (Crystallex) even own the deposit?"

I expect your calculation (being up to date) shows that the potetial value (maybe the risk perceived in the market place) is even greater now than it was when he assembled the data in the table he showed in the presentation.







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