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Gold/Mining/Energy : Crystallex (KRY)

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To: Syncrude who wrote (10158)	10/31/1999 10:34:00 AM
From: John Dally	Read Replies (1) of 10836

Hi Syncrude, If the "cash cost per ounce" is $200/oz and the POG is $300/oz, why wouldn't they be able to achieve cash flow of $100/oz? I assume that "cash cost per ounce" includes maintenance and repair costs, but not the cost of building additional facilities. If the mine were to be exhausted in 4 -5 years, I'm assuming they'd just run the equipment "into the ground," i.e. no additional capital investments. I'm unable to argue about the actual amount of reserves. On their web-site they state "1999 Mineable Reserves - 447,750 ounces Au:" crystallex.com Also, here's the "Update on San Gregorio:" crystallex.com Perhaps charred can tell us what it means in terms of the prospects for added reserves! Best regards, John.

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