Re: First questions for the annual meeting
in response to
by
posted on
Jun 21, 2010 01:35PM
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
It's an open pit mine. You start at the top and mine down at the rate of 20k tons/day getting whatever gold you can out of that amount of ore. (about 1 gram/ton)
It doesn't seem right to assume, without any justification, that we will find more gold/ton than anticipated, or that VZ will allow more tons/day to be processed.
I just want to see some evidence before hearing crazy numbers thrown around.