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Gold/Mining/Energy : Crystallex (KRY)
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To: charred who wrote (9724)9/19/1998 10:20:00 PM
From: Syncrude  Read Replies (1) of 10836
 
I think it should be obvious that more production means more ozs over which to spread the costs. Once (and if) veta rights are signed in Crystallex's favor, we should learn more from the Company what their plans are exactly. I do not expect Albinos to be a company maker, only to provide much needed cash flow until a better project comes along.

With respect to Las Cristinas, it is premature to guess if Crystallex will pursue other options, and if so how much those options will cost. They may decide to simply sit on it until the other party blinks. Who needs Las Cristinas most?

As for Placer Dome, you must realize that no gold will be poured before 18-24 months at the earliest, so the current price of gold is NOT a factor, unless PDG does not expect gold to recover before a few years. You will recall though, that even with low gold prices and poor prospects, Placer Dome DID announce a ground breaking ceremony to start up construction. We all know that this did not last very long.
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