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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: Does KRY have this kind of potential?

Does KRY have this kind of potential?

posted on Dec 08, 2007 01:43PM

For those who have never seen a stock move 300 to 500% in one day have a look at STA on the Toronto Venture exchange.

http://stockcharts.com/h-sc/ui

While this is a diamond play and not a gold play it moved on a positive news story. Yes, I do realize that this is not an exact comparision as we do not have the geopolitical risk etc, but you can be sure there will be years of review/approval/permit proposing should this exploration company want to move forward. Let's all remember that KRY is at the final stages of the same process and is one permit away from construction. I will not say that should the permit be issued we will see the same percentage move as STA experienced, but I cannot say it won't either. For sure when the pemit is announced we will see a move. I leave that to you to determine what the upside potential is.

Finally, in a recent communication from RM, where I expressed concern about the price action on KRY he did respond with the following that I pass on to you to read:

"I have looked at the stock performance of Crystallex and a group of peers. Based on the 3 month and 1 month chart comparisons Crystallex is performing in the middle of the pack. The companies included in this grouping are: RML - Rusoro operating in Venezuela, VAL - Val Gold operating in Venezuela, GRZ - Gold Reserve opearting in Venezuela, UXG - US Gold Rob McEwen's big investment and focus, GSS - Golden Star operating and developing mines in South Africa, NSU - Nevsun operating and developing mines in Mali, OZN - Orezone just received EIA approval for large mine in Burkino Faso.
What is also interesting is that in the past week there have been comments from Jim Sinclair, John Embry, Resource Investor and Steve Saville regarding the weak performance of small cap emerging mining companies. It seems many are caught in a weak market with little encouraging news, tax loss selling and are suffering shareholder disenchantment."
3 month stock performance chart
One month stock performance chart

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