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

To: Bucky Katt who wrote (7317)	3/23/1998 10:55:00 AM
From: E. Charters	Read Replies (3) \| Respond to of 10836

Debt is NOT royal Oak's problem. Lack of a low cost mine that is financed IS. Royal Oak is debt free. Yes. It is short of money to finish the job at Kemess, but 3 financial houses are competing to finance them! My view is not THEORY. It is the reality of the market. Gold mines are generally valued at more than $50 US per ounce. RYO has a low valuation because of the failure of Hope Brook and Colomac and the low profit in Timmins. RYO's reserves in Timmins alone are 7.7 million ounces. Actually the Timmins open pits are better mines to start but money is hard to come by. The BC gov't putting the money up is the principal reason Kemess went ahead. echarter@vianet.on.ca The Canadian Mining Newsletter