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Gold/Mining/Energy : Crystallex (KRY)
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To: E. Charters who wrote (9786)10/22/1998 8:28:00 PM
From: Syncrude  Read Replies (1) of 10836
 
Eric,

I don't know how much SG would cost if the deal is completed, but I understand it would be a figure much to the south of what you quote. Otherwise there is no sense in buying it.

As for Albino, again I think you are a bit too pessimistic. While no one can predict when veta rights would be finalized, there would be no benefit for a company to show all its cards about the property until these rights are acquired. KRY will not dump its cash down the drain, and so the timing of the suspension of mining at Albino is perfect, if not overdue.

I would be surprised if the financing negotiations are only for this small SG mine. Are relationships being developed? We shall see.
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