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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: VALUATION

Although the PPS at this moment is a bit disappointing after seeing $1.15 Pre-market, I am confident we will recover pretty soon.

The PR stated proven and probable reserves at 16.86 million ounces at $550 gold. If you refer to the Denver Gold presentation of 2008, slide 7 or 8 ( I forgot) it shows the gold price sensitivty. The slide does not go beyond $700 gold but if one assumes that this trend continues as a straight line and prorate it to a reasonable POG of $950. the reserves would be more like 26 million ounces. At $1,200 it cound be closer to 30 million

On a different subject: with GRZ kicked off the property and having lost their concession, why would they be up $0.20?

Interesting times!

Rob

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