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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: Hopefully a major gold producer with deep pockets...

I think I'm missing something here. How did we get a number of 8 KRY shares for every 1 of GG?

At current prices, GG is 34.29 US and KRY is 0.261 US ... which is a ratio of 134 KRY shares for 1 of GG ...

I guess you are missing my idea of what kind of take over price I would want in a deal that included the permit. My current exit price is between $4 and $5 dollars when we receive the permit. Unlike Rusoro, if the acquirer was GG I would take shares instead of money. If you divide the price you want into the take over companies share price it will tell you how many shares you need to convert for 1 share of the other company. That is where I came up with 8 shares of GG.

If on the other hand you feel that Kry is fully valued at .26 a share then the smart thing to do would be to sell your shares in the open market. I must warn you however that I have a hunch that we could go higher.

JJ

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