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Gold/Mining/Energy : Crystallex (KRY)
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To: Avalon who wrote (9466)7/22/1998 8:33:00 PM
From: charred  Read Replies (1) of 10836
 
Avalon, Jerry is right. Albino is the only producing asset. The only way they can produce 150.000 ounces a year is by merging with another company who is producing at least 100,000 ounces a year. But why will merge with KRY? There is no reason.

To produce this amount ounces you have to drill the property, complete the study and look for financing. This takes time. KRY has no advance exploration project. There is no way they can produce this amount. I believe a good short term goal for KRY is to double the production at Albino while reducing costs. The first thing is to fire high priced management or cut their salaries in half. What do you think?

cheers
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