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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (10593)	7/17/2001 1:54:45 PM
From: Syncrude	Read Replies (1) \| Respond to of 10836

Claude, I think that the government wants something/anything to start up on Km88 for political/social reasons. Just how and when, leaves a lot of latitude for interpretation. Will there or can there be economies of scale? What will the tax/royalty picture look like? Very certainly there won't be any gold poured next Monday. We don't know to what degree the new operator would have to twin the holes to secure financing. Then there are the permits, site preparations, financing etc etc. With so many variables in place, who knows when extraction will take place on a large scale. The situation will likely evolve in a manner that will allow several parties to save face.

To: Claude Cormier who wrote (10593)	7/17/2001 4:15:47 PM
From: Valuepro	Read Replies (2) \| Respond to of 10836

Claude, "They know that LC will not be economic unless gold far exceed $350-$400." Funny thing is, Placer had a ribbon cutting ceremony with gold at around current prices. Later in the saga and near the time they wrote it off, they were talking they needed POG at around $320 and up. Much more recently, members of the company were quoted as saying they needed POG in excess of $350. Just in the last couple of days now, Brenda Raides (sp?) is quoted as saying LC is worth peanuts unless POG reaches $400. While these people may not be stupid, they are looking unconvincing, IMO