Crystallex (KRY) Message Board

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Gold/Mining/Energy : Crystallex (KRY)

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To: richard badauskas who wrote (10119)	10/11/1999 11:40:00 AM
From: Syncrude	Read Replies (1) of 10836

Richard, The web site indeed shows some targets, but with respect to Albino, I do not see those targets met with any real plans. The money-losing Albino operation has been shut down for a long time and I would not put to much faith in web-site projections just yet. Just how they can turn it into a money-making one has yet to be announced. Albino has not produced 20,000 oz in the past and re-starting a shut down operation required a certain lead time. Thus I can't see how they can produce 20,000. As well the new Mining Law and the associated royalty/tax situation will no doubt require analysis to recalculate project economics. The targets include potential acquisitions which, although rumored to be on the verge of happening (ie. buy assets rather than drill SG), may now be too expensive for Crystallex's means. You will note that the web-site also makes statements about early 1999 drilling at San Gregorio, which has not yet been disclosed. Thus, making production estimates is kind of tricky right now. The focus of Crystallex appears to be the ongoing legal actions surrounding Las Cristinas and so, market price will be geared to this saga as Crystallex will not reach mining analysts screens.

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