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Gold/Mining/Energy : Crystallex (KRY)
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To: E. Charters who wrote (8494)5/4/1998 12:30:00 PM
From: Jon Warren  Read Replies (1) of 10836
 
Could the Albino mine be used to process the rock from LC or is it more economical to set up a new mine operation on LC? In the forest industry they harvest trees from a large area and truck or float them down a river to a central mill. I understand that to truck tons of rock might be to costly and would make the mine unprofitable. It just would be good if they could get a good cash flow going so they can limit the amount of pp that would be required to get other mines operational.
If Albino is not economically feasible to mine LC will Albino profits be able to fund development of LC until LC becomes self sufficient. For example the 600 million dollar figure has been bounced around as the cost of getting LC up and running. Could they not set up a small operation at LC funded by Albino and then that small operation at LC funds a larger operation that will in time create a full scale operation at LC? Or if they win will a Barrick type come along and try to swallow KRY up?

These questions make the assumption that KRY will win of course.

Also I saw the following report which may be of interest to some people.

an excerpt from an article written by Martin
Dixon.The full essay on Gold can be found at the following URL.
gold-eagle.com

Here is his commentary dated April 20,1998

"The sixty four thousand dollar question is what will happen when the
price starts rising. Given gold's dismal performance over the last 20
years, it is reasonable to assume that most of the weak holders have
been shaken out. As the price rises, the demand to hold it as an asset
class increases. In that respect, it is not dissimilar to the stock
market in recent years. What will happen, if investors believe the
stock market has become over-valued and realize that gold is starting
to move upwards? A rise could become self-fueling leading to
rocketing prices as long and short term gold bugs fear that they are
going to miss out on the next gold price rise. It is impossible to say
how high the top would be, but certainly it would be significantly
higher than today's price of about $310. The conditions which need to
be in place for an explosive bull market already exist in the gold
market - no interest from speculators, all weak holders shaken out,
limited supply and most of the world's future production for the next
few years already sold forward. All we need is the trigger to start
the price moving. I do not know when that trigger will come. It may
start gradually with the price rising gradually, or there may be some
event such as a war or another financial crisis that starts it. But I
can assure that it will come. I just can not tell you when."

JW
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