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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: Re: another way to look at it!
8
Jul 24, 2010 04:05PM

Jimmi.....I would say that a portion of that cash will be used to do further exploration and drilling.

With no mine to build at that time, positive drill results could be converted to ore...then gold...relatively quickly....another reason to ramp up production...ie. another 20,000 increment of production facility.

More value to KRY, without any % going to CRRC, other than our 1/3 share of producing the gold. Seems to me that KRY will be earning more than what they get from the LC deal.

As well, KRY may invest somewhere else, a little more secure...so to speak.

As a TELUS ( phone company here in BC, Canada ) ad goes "the future looks friendly'

Ya.... Pender

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