Hi jimmjazz. Another Crystallex shareholder reporting in. Nice to see a group that is deserving of the best after these many years of frustration. I also confirm your 18 to 24 month target date for production to begin. Crystallex has this project in a very advanced state.

I also agree with the $350 production cost which includes the royalty to VZ.

For my calculations and fiquring in the proven and probable reserves of 16.8 miill ounces plus the 10 million inferred I have used 20 million ounces.

Based on these fiqures, $1350 gold would mean $1000 PROFIT per ounce. Of course we are not at $1350 an ounce yet but production is also a short way off in the future.

For my calculations sake based on $1350 Gold and 20 million ounces I arrive at 20 Billion dollars of minable Gold Profit.

Every $100 up or down in the Gold price using the above fiqures would add or subtract 2 Billion dollars from the above 20 Billion profit picture using a $1350 Gold price.

For, as Doug Casey would say "back of the envelope fiqures" and using a gold price of say $1150 our net profit picture would be $800 per ounce or 16 Billion dollars. $1150 minus $350 cost equals $800

Dividing 16 biilion dollars by 400 million shares would give us an in ground fiqure of $40 per ounce.

This makes for an attractive mining project for all parties.

Nothing is written in stone but after all these years we finally appear to have a very good chance of success that is acceptable to all JV partners.

Without getting overly technical the above assumptions are what I have based my calculations on. Again each will use his or her own calculations for their investment purposes.

God bless and good fortune to all.