Gold Reserves Limited GLR - TSE Message Board

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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Syncrude who wrote (384)	7/26/2002 2:50:41 PM
From: The Vet	Read Replies (1) of 406

Let's not forget that it will take more than just a resolution to the Las Cristinas legal saga. True but it would be a nice step in the right direction. The combined project (i.e. Brias/Cristinas combined) is economic (just) at $300+ gold but if the two concessions are developed individually they would require a much higher POG. Dividing a single large low grade deposit into two small mines is obviously silly as the economy of scale and duplication of infrastructure increases the costs and decreases the profitability.

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