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Welcome to the Crystallex HUB on AGORACOM

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

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Message: huge upside

Fung said the project would be a multiple of 20,000 tons a day. Double would be 40,000 so I would imagine John Ing was in the ball park for initial numbers.

With Crombie talking about the last estimates showing 22.8 million ounces at $850 and saying it is only 2/3rd of current spot price puts an end to our discussion about using 16.8 million ounces for projections.

Comments about open at depth and expanding the mining area while optimizing the mine at under 20 years means eventually production will be much more that 60,000 tons a day. Unfortunately the true value of Kry will only be seen once production and cash flow starts.

We may not see significant share price increase until milestones are reached. It did seem like they were indicating the closing would happen asap after the shareholder approval. This gives Hugo time to milk some PR before the elections.

JJ

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