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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE
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To: The Vet who wrote (89)7/16/1997 7:30:00 PM
From: Syncrude   of 406
 
1st quarter GLR Report:

-preliminary mine plan expected to be completed 3rd quarter 1997
-final Brisas property feasibility and production decision expected
first quarter of 1998
-if positive production decision, contruction may take 18 months with
production to start mid 2000
-deep rights expected in "near term"

I think Gold Reserve is a good prospect if you are not in a hurry. Eventual association with Placer Dome's Las Cristinas next door is a positive element. GLR is well financed.
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