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

To: tanoose who wrote (5882)	3/1/1998 2:50:00 PM
From: The Count	Read Replies (4) \| Respond to of 10836

I totally agree with you on that "moving target analogy" -- Assuming a win, I just wanted a base case scenario. 15M ounces recoverable seems reasonable (i.e. 80% of proven, 50% of probable, and 20% inferred should be used to calculate the true amount of gold -- but I don't have complete numbers). BTW, how could you say "good calculations" -- go pet your dog -- i repeatedly said the method was bad bad bad. :) Any comments on the short position? Wasn't it YOU who said that Nesbitt ordered all short positions to be covered during this period? Maybe other houses took up short positions, and Nesbitt was net buyers during this period? Anybody have a STOCKWATCH membership willing to post Nesbitt's activity during this period. Vince

To: tanoose who wrote (5882)	3/1/1998 6:01:00 PM
From: charred	Respond to of 10836

Hello Frank: Don't believe the environmental groups. They are not miners. There could be 25,000,000 million ounces of gold in the area, however are the other 13.5 million ounces minable. Can you mine them at a profit? It all depends on the price of gold. These environmental groups do not understand the difference between minable reserves and geological reserves. If the longs are basing a take over at $25 based on this rumor of 25 million ounces then good luck. At producing 450,000 ounces of gold a year, the mine has a life of over 25 years. If all this gold can be mined within the first 10 years, you would have a different story. Piernia will produce 750,000 ounces by the end of 1999. The cap costs are only 200,000,000. This will be a great mine. Costs are $50US per ounce. LC production costs are four times higher. Therefore I can't see anyone taking this stock over at $25 a share. That's 1 billion. Barrick paid 700 million for Arequipa. The LC mine will be still a great mine. Thanks for posting the articles but I could not enter the Albino link. What did it say. cheers