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Gold/Mining/Energy : Crystallex (KRY)
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To: Gutman who wrote (7219)3/20/1998 1:59:00 PM
From: the Chief  Read Replies (1) of 10836
 
Hi Gutman. You said:So why does Placer want LC? To keep it in inventory until gold prices recover. They can afford to do this. KRY cannot.

Actually the possible loss of LC was significant in PDG's mind. They did treat it as a significant loss! In fact, the "hedge" against the "loss" of LC was PDG's "option" agreement for Bema Gold's/Arizona Star's - Cerra Casale (CC) property. If PDG loses LC they will develope CC, if they win LC they will drop the option on CC. MOO(my opinion only, or, a noise a cow makes)

the Chief
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