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Gold/Mining/Energy : Crystallex (KRY)
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To: Syncrude who wrote (9787)10/23/1998 12:01:00 AM
From: E. Charters  Read Replies (3) of 10836
 
They are bank financing. This much I know. I am not sure what Santa Gregorio has but I would estimate 500 to 700 thousand ounces. This is worth up to 21 million in the ground if profitable. With a mill its worth more. The mill if heap leach and mining equipment could be worth 15 to 25 million. So lets say close to 60. Again I could be dead wrong. If its only 300K ounces then you could halve that. But I think buying gold mines even at today's prices is a tad pricy game. Let's put it this way, if SG can pump out 70,000 ounces, that is about 21 million a year and 3 years profits is about 21 million. So it cannot be worth less than that.

EC<:-}
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