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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: Largest undeveloped property in the world!

"As an aside, Brisas' annual income from copper will be almost as much as the total gross return for LC annual average gold production using current prices and plans as granted (in GRZ's case) or applied for (in the KRY instance.)"

Assuming current prices of $950 for gold and copper at 3.92, and LC production of 250,000 oz a year as stated by RM, Brisas would have to produce 60.6 million pounds a year of copper. The current GRZ estimate is 63 million pounds of copper a year, so indeed that statement is reasonable.

One other point that I think is significant (and both KRY and GRZ agree on this) is what Doug said on the gold veins: there is probably a lot more at depth. This is in agreement with RM's comments. Both mines have a lot more gold at depth than is in the current reserve estimates.

GRZ and KRY are not "competitors" but rather have a common goal, which is to mine lots of gold and probably both get bought out for a lot of money.

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