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: Re: RE: Have a Question?
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Jan 02, 2009 05:57AM

Jan 02, 2009 06:31AM


Welcome to the Kry forum. Looks like you have posted in some of the other Algoracom forums.

On your questions concerning Kry,

Worst that can happen is that the permit is completely denied and sp dumps to near zero. Kry is a very, very speculative play and anything is possible, such as a buyout by another company or the Vens.

Kry currently has no direct stake in LB.

Even with the issuance of the permit, the Vens may require other authorizations to break ground. Ignoring that, if given the permit and go-ahead, actual consistent production will likely not happen for more than a year, possibly as long as 18-24 months. Probably would take six months just to mobilize.

Your last question about financing appears incomplete. The Company will definitely have to obtain financing to go forward with the LC project.






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