Re: KRY share price might not rise much after getting the permit.

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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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Re: KRY share price might not rise much after getting the permit.

posted on Sep 16, 2008 10:42AM

A couple things to think about.

Remember the cost to produce has gotten to the point where gold needs to be around 650/oz for most producers to breakeven.

The large gold producers are running out of reserves so buyouts will start happening soon. Fortunately for KRY we have a share holders right in place for buyouts.

In addition, the cost of production will be much lower in Venezuela, with things like the cost of gas at 5 cents/L. I think our cost of production is 350ish/oz.

Finally, when gold makes its rebound move like many analyst are predicting (i.e Bill cara) all gold stocks will move up.

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