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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (383)	7/26/2002 1:21:18 PM
From: Syncrude	Read Replies (1) \| Respond to of 406

The Vet, Let's not forget that it will take more than just a resolution to the Las Cristinas legal saga. Gold prices need to be higher and on a sustainable basis for a project to work. Placer Dome already made a determination that the economics were not robust enough and kept a back in right to LC with Vannessa. LC is a large tonnage but low grade deposit. So is Brisas. As well, one should not lose sight of the copper factor. The political, economic and social instability in Venezuela does not help either.