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

To: Greg Ford who wrote (8474)	5/1/1998 9:47:00 AM
From: Syncrude	Read Replies (1) \| Respond to of 10836

Folks, I don't know why you are trying to compare KRY with gold producers. KRY, in my books, is still essentially an EXPLORATION company with limited production supporting its exploration efforts. If KRY only had Albino, it would not be incurring the level of expenditures and expenses that we are seeing, thereby reducing the overall cost per oz produced. I doubt anyone would be buying KRY only because of Albino which is a very small operation at this time. So what's your point?

To: Greg Ford who wrote (8474)	5/1/1998 10:27:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 10836

Bullshit Greg, to put it plainly. Deal with the 1995 figures of 168 dollars an ounce. Also the mill was down for 9 months, so? So a lot of those costs you quote were related to building expansion to the mill. What I did was reason that if you were running just the mill and not including building expenses and related costs then you would cost only salaries and operating expenses. This comes to 210 dollars an ounce US. If you want to put a bad news spin on the fact that they spent most of the year expanding the mill and improve on it and only selectively report the worst possible light on their production figures go ahead. But you are just another bad news meister ignoring the facts. I get exhausted playing tag with you people who only have one intention, putting KRY in a bad light. Admit it. You don't want to learn, you don't want information or enlightenment. You have your mind made up. You are Catholic, KRY is protestant. I know mining my fine feathered friend, and I know the mining down there is damn cheap. 168 dollars an ounce cheap. Its easy open pit and underground mining. Why hasn't KRY developed more in VZ on Albino? The politics and the underground rights. And their marathon court case. (Not the longest in the world by any means). They have played their cards right. Smooth in fact. Don't try to hurry what cannot be hurried. Listen and learn if you want. Pick and pick with sentence by sentence spin meistering of an annual report that you need lessons in reading anyway. I wouldn't hire you to find a good mining situation or a good stock if you do only surficial analysis. It gets people in a lot of trouble. Basically my bottom line is this. IT DID NOT COST THEM THAT TO ACTUALLY MINE AND MILL THE STUFF. THERE WERE NO EXTRAORDINARY MINING DIFFICULTIES. IF IT HAD COST 730 DOLLARS AND OUNCE FOR A FULL YEAR'S PRODUCTION OF RUN OF PIT MUCK THERE WOULD BE A NEED OF AN EXPLANATION. The other point to consider is that they were putting through a lot of development muck from a new pit and this disturbed their averages. echarter@vianet.on.ca The Canadian Mining Newsletter