Gustavo, I don't think I've ever see anyone do a share price analysis based on what they thought the old share would have been if everything went according to plan.

If you want to do a real guesstimate based on Crystallex owning 1/3 of the new JV Subco then it would be worth looking at. Unfortunately we don't have all the information needed to do this properly.

I've seen estimates based on 17 million ounces instead of what we already know to be a minimum 22 million ounces based on current gold prices. When questioned about using the lower figure the poster said until the new resource estimate is officially out the proper number to use is 17 million ounces. They then use 450-500 million shares instead of 300 million when the post was done.

It is easy to hand pick numbers that fit what you want to prove.

My opinion is that when everything is completed we will have between 27-30 million ounces. I believe we will end up with approximately 500 million share. I believe we will see gold at a minimum $1200 but by the time we start to sell gold it should be a minimum $1500. I also believe we will see our gold sale price at spot or very close because I don't think the Chinese would settle for less. My opinion is the the mine life will be 18-20 years.

Now forget about dilution and look at this as a new company. Tell me what you think a 500 million share company with 9-10 million ounces and a 20 year mine life is worth.