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Gold/Mining/Energy : Crystallex (KRY)
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To: shorty who wrote (5950)3/3/1998 3:42:00 PM
From: Valuepro  Read Replies (2) of 10836
 
shorty,

You said, "Who ever ends up with LC will want to aquire GLR. Only 65% of Gold can be mined feasably. If same holds true for LC means 7.7 million ounce."

A recent "Mining Note" dated February '98 from Whalen Beliveau states, "Reserves at Las Cristinas have increased, and now stand at 11.8 million ounces within a resource of 20 million ounces. The resource is open and we estimate 80% of the reserves are within Las Cristinas 4 & 6."

Let's see, 80% of 20 million ounces is at least 16 million ounces. I say "at least" because, "The resource is open..." So, using your 65% estimate of "feasible" recovery, we have at least 10.4 million ounces, a long way from your 7.7. Or do you proclaim to be more knowledgeable than Whalen B.? ...calling them liars?

Now go back to school and finish your education. The Queen's English is either not your native tongue, or you didn't complete the sixth grade.

ValuePro
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