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

To: tony p who wrote (4468)	1/24/1998 4:19:00 PM
From: Bob Walsh	Respond to of 10836

Tony, several sources have previously indicated that 4&6 may have 20mm oz of gold. I believe PDG previously estimated the cost to produce at $200 per oz. Regards, Bob

To: tony p who wrote (4468)	1/24/1998 4:41:00 PM
From: Bill Jackson	Read Replies (3) \| Respond to of 10836

Tony; PDG releases bafflegab that would have you believe they are an inch from absolute success. In truth they are an inch from losing everything. However until the court speaks, doubt lingers. I read ealier that the cost was in the $180-200 per ounce area, but that was way back. Perhaps another poster has more current info? In any even with gold at $300 and costs at $200 you have a mine profit of $1.2 Billion for 4 and 6, spread over the mine lifetime of 10-20(they could find more, so life is unknown for sure) years and spread over the shares outstanding.At 10 years=$120M/year. It will take 1.5 to 2.5 years to get into full production and financing for $200-300M for mine/mill(more precision here after full drillout of all zones to see total gold, and then design the mill size and predicted lifetime, called a feasibility study, usually needd by the lending banks to get the loan) construction needs to be arranged. So you buy some stock at $6 and it they win, it will go to $20+. If they lose it will go to under $1. Most people hope for a win, but the chance of a loss exists. Bill