Re: Why no news/
in response to
by
posted on
Mar 22, 2010 03:04AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
If a much higher capacity mill was developed (for an increased capital investment, of course), one that fits with the more typical mine life projection of 15-20 years, you'd have an annual production well in excess of 1,000,000 ounces of gold. Getting something like that to actually happen would be preferable, IMHO, than going to arbitration based on the earlier design. And that's just one of the angles being worked on.
This reminds me of a statement that I think Sanz may have made a couple of months ago about how much gold production VZ was going to have. The amount was way to high even with Kry in full production under the old model.
Is it possible that this may be the reason we are still waiting for news? Could Kry be not only working on the permit but on the plan for extracting more gold than originally planned on a yearly basis. Wouldn't it be a major suprise to all of us if Kry were to announce they have received a permit to produce 1 million ounces a year.
Forget $2-$3, Forget $6-$8 were are looking at double digits.
Somebody please wake me up from my dream!!!!!!