Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Valentine who wrote (6906)	3/16/1998 6:43:00 PM
From: Andy	Read Replies (2) \| Respond to of 10836

Valentine, I am not going to give you one inch here! PDG may well announce that they will withdraw due to uneconomical conditions. They would of course say this to try and save face in front of shareholders (do you really believe PDG shareholders are that stupid). If you go to PDG web sites, annual reports etc you will notice that they suggest that it would have a cash cost of 205$ per ounce and a total cost of 295$ per ounce (including Royalties etc). Now then, ask yourself when they made these estimates. Well it was back well before PDG announced an increase in the reserve estimates from 9 to 11.8 million total oz AU. Oops, what happened to that other 2.8 million oz. In addition, do you really believe that PDG have annoucned ALL of their drill results from LC 4/6? Well I suggest you ask HUGH LEGGATT! Also, you will notice that of the figure above PDG only get 70% with the CVG getting 30%. So now we know that KRY will get 100% (not 70%). We also know that PDG had to disclose their "real estimates" in their attempts to acquire environmental permits. Who do you think has these "real estimates". Finally, PDG were going to build a meag 600 million $ mill/mining system complete with river diversions and comfy chairs for their execs. KRY is on record saying they could so the same thing for 200 million. Instead of mining 450,000 OZ per year they would do it more slowly. Sorry Valentine, you once more have no idea what you are talking about. Finally, your statement about "everyone being party to a trial" suggests to me that you watch too much TV. In a supreme court a "trial" is not a dog and pony show with lawyers grilling witnesses in front of movie cameras. Everything regarding the case is before the judges. PDG had their chance to submit briefing notes back before Acuna admitted the 8,. and subsequently the other 3 motions for sonsideration by the court. Respectively yours. Andy

To: Valentine who wrote (6906)	3/16/1998 6:53:00 PM
From: TAO	Read Replies (1) \| Respond to of 10836

Sorry Valentine WRONG AGAIN. The most logical reason for PDG to stop work at this time is, as the have said, that they have reached a point in the development of Las Cristinas that will require HEAVY expenditure and they are unable to obtain proper financing. If you look at the work the have already done, ON LC 5, NOT 6 BTW, you will realize that the next phase requires the ordering of very expensive machinery and mill components. These components MUST be ordered AT LEAST one year in advance of the date that they are required. PDG cannot and will not order the machinery and components without knowing that they have full, unchallenged title to Las Cristinas. If current gold prices were an issue, which they are not as, to the best of my knowledge, PDG has yet to readjust their projected 10 year avg. gold price of $350.00, they could easily decide to reorganize their mining plans to accommodate the mining of higher grade areas starting at Mesones first and then gradually expanding from there. Also, if there was a concern regarding the economics of their properties, one would think that they would also consider dropping their deal with Bema as that property will cost a great deal more to mine than Las Cristinas. Alternatively, the other reason the could have for stopping work at Las Cristinas, is that they realize that they will soon have to vacate the property. In your post, you said "I don't understand" and I do believe that that is the first truthful thing you have said to date. Sleep well :))