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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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KENTUNDERBERG
Jul 23, 2008 08:20AM

Absolutely right Boss -- the 16.9 million ounce reserve is calculated at $550 an ounce. At $900 the reserve is MUCH larger. At $600 an ounce KRY will be very profitable, although I don't expect to see gold that low any time soon.

Gold tends to be volatile and rarely just moves in a straight line. I would be very surprised though if it doesn't pass $1000 this year.

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