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Gold/Mining/Energy : Crystallex (KRY)
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To: Gary H who wrote (4471)1/24/1998 7:22:00 PM
From: Valuepro  Read Replies (1) of 10836
 
Gary,

The so-called consortium is yet to be defined by the company. We may get some details on this in the planned press conference/release set for February 13.

On the subject of costs at Las Cristinas, let's consider the possibility that the next door property, Albino (which already includes an operating plant) can be the center of operations for the larger project area. Albino is growing and includes comparatively low operating costs (about $80 per ounce). If Albino and L/C 4&6 can be operated together, costs will be averaged way down. Even without separate operations, overall operating costs for the company will still be reduced below that now expected for Las Cristinas alone. Albino will be growing and the company will add other low cost properties such as Caribobo (sp?), Brazilian ventures, and possible additions from consortium efforts.

No one should fixate on Las Cristinas costs at this point. There are a lot more good things coming to us over the next several weeks and months. Some may want to trade the stock after the ruling, but "longs" may want to leave a substantial portion of their investment for the "big picture" to play out. Further, I see KRY becoming a blue chip in the sector and something which some of us may want to view as a core holding - growing along with the other majors and paying dividends.

ValuePro



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