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: Graystone who wrote (8226)	4/15/1998 1:10:00 PM
From: E. Charters	Respond to of 10836

Albino has definite plans now for more exploration and increase in Tonnage very soon. I had thought that major mill expansion was to take place this year. Don't ask me for details as I do not know exactly but I got the info from someone. It may have come from Oppenheimer. I also talked to Richard Marshall and Luca Ricci. The said they think 1 million ounces is a possibility, perhaps more. They are hitting on their drilling and no hole yet has gone below a fairly shallow depth. I think their deepest hole so far is 250 metres. Even if we discount the LC4 and 6 it is a fairly exciting company. Oppenheimer told me that the MEM has reconstituted Acomixur for so that KRY can do a deal with them and that is back on the Table. Before LC 4 was drilled off the Santa Elena was considered the best probable property in Venezuela with 400,000 ounces proven and Ricci tells me a possible 1.4 million exists. Ricci, as former professor of geology has several discoveries under his belt and he is considered a good judge of a deposit's character. He is not just arm waving here. Acosta has rumbled about these kind of co-ops not being able to make deals with foreign companies but I think that is pure political horse puckey. According to the Oppenheimer the MEM has no objections to a deal. So with 2.4 million possible ounces we may see a valuation of perhaps 4.50 CDN easily without any pie in the sky. But I think the momentum of the company is such that they could easily end up as trading beyond that. They are definitely very aggressive about prosecuting other properties and I think very able to do that. I would classify them as a growth company in that regard. If the pie in the sky hits the fan then we are blown into the Ionosphere of junior companies right away. But a watched fan never gets hit by pie in the sky. There may be other exciting deals for KRY et al in the months to come. We shall just have to wait and see. It all depends on the energy ability and luck of some people. EC<:-}