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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: Volume / rotation?

Re: Volume / rotation?

posted on Oct 06, 2008 10:49AM

and ...'' It’s 16 million ounces of reserves and +25 million ounces of total resources—so it’s big and it would be a long-life mine. It’s simple mining and metallurgy, and it’s at sea level, not at 4,000 meters in the Andes. It’s got good infrastructure; a lot of the things you’d like to see in a project. It has incredibly cheap power because the government subsidizes power. Power off the grid in Venezuela, all from hydro, runs two or three cents per kilowatt-hour. You can buy diesel fuel and gas in Venezuela for five cents a liter. So it’s going to have low cash costs.''

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