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: MONKEYMATH101.

2) Enough funds to last us only 6 more months.

You are correct if you believe that the current burn rate will continue. If there is no resolution by the end of July, Kry will file for arbitration which means that the burn rate will wind down to basic expenses and lawyers. We will have enough money to finish arbitration and plenty after the judgement.

Stockhawk - Do you really believe that? At the end of March, our financials show $20 million. Our annual interest payments on debt are 12.8 million PER YEAR ... leaving us with only $7.2 million to run the company, pay any remaining fees on the medical facilities (if my memory serves correctly ... that figure was in the 1-2 million range ... and pay for arbitration.



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