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Gold/Mining/Energy : Crystallex (KRY)

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To: Robert who wrote (6321)	3/6/1998 2:22:00 PM
From: Bob Walsh	Read Replies (1) of 10836

Robert, re "the property in dispute is probably uneconomic at $300 an oz, and that even if KRY won, they don't have the resources or the know how to develop it." It is funny but Placer has believed that it was economic to produce (not per their latest spin though). Placer estimated that the cost to produce would be $205 per ounce. Regarding know how: KRY has a producing mine (Albino)right next to LC 4 & 6 with costs that are I believe under $200 per ounce. Regarding resources - they will be able to get whatever resources they need. Bottom line, all of the points raised on CBC Buisness World indicate that the speaker doesn't know what he is talking about. Regards, Bob

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