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Gold/Mining/Energy : Crystallex (KRY)

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To: charred who wrote (10159)	10/31/1999 10:53:00 AM
From: John Dally	Read Replies (1) of 10836

Hi charred, In Crystallex's 2nd quarter report, they show working capital of C$19.0 m - C$10.6 m = C$8.4 million. Total long-term debt is C$22.9 million, which translates into about US$16 million. crystallex.com In my crude calculations, I assumed that they'd use the cash flow from last ounces of gold mined at SG to pay off all the long term debt. Since you seem to have the most expertise on the subject, could you comment on whether the prospects for additional reserves are good, bad, or indeterminate based on this report? crystallex.com Thanks in advance, John.

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