Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PaperPerson who wrote (55059)	1/6/2008 11:45:16 PM
From: The Vet	Read Replies (1) of 78427

You are probably right.. It seems that Hugo Chavez is already softening if this report is true... news.yahoo.com "Fiery Venezuelan President Hugo Chavez has slowed his push for a socialist society, overhauling his Cabinet and promising to build bridges to business leaders after an unprecedented poll defeat last month." Gold Reserve (GRZ) would be one of the first to move on any sign from Chavez... They already have most of their permits in place, have over 10.5 million ounces of gold P&P and 1.35 billion pounds of copper in a single open pit and conventional processing without arsenic or other nasty issues. They will have zero cash costs after copper credits with copper at or over $3 and anticipated production of around 456,000 ounces of gold and 64 million pounds of copper annually commencing in 2010 round out the package. Their engineering is virtually complete, all major equipment is ordered and on its way and they still have over $120 million cash in treasury, no debt and 55 million shares issued... (71 million fully diluted) goldreserveinc.com The only reason they are still a $5 stock at these metal prices is investors fear of Venezuela, even though there is no evidence that GRZ has any issues with the government at all and all major permits have already been issued without problems, except for the usual official inefficiency delays commonly associated with countries like Venezuela...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next