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


To: Gary H who wrote (5948)3/3/1998 2:48:00 PM
From: shorty  Read Replies (1) | Respond to of 10836
 
GLR as pertains to KRY . GLR thread has pre-feasability study for GLR @ POG 375 US pays for itself in 6.6 years. Definately not stand alone project. Who ever ends up with LC will want to aquire GLR. Only 65% of Gold can be mined feasably. If same holds true for LC means 7.7 million ounces. Again no point in developing as stand alone. We may end up seeing a three way partnership out of this. Still has not reached Mineability status. Net result KRY way over valued and can see why Placer says marginal at best with current POG. Taking huge short position. Bottom line not good enough even if KRY gets property. Financing and developement almost impossibe at current POG. Good luck, will talk to you again when things start to settle out. TTYL Scott