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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Berry Picker who wrote (708)	11/17/2003 4:21:31 PM
From: The Vet	Read Replies (2) \| Respond to of 29622

Elect - GRZ (Gold Reserve) cash position... In the 10 years or so I have followed this stock they have never had less than $11 million US cash or cash equivalents available. They did a recent fund raising that increased the shares to 28.8 million (from about 24 million)which brought their cash position up to about $20 million... I have no idea where you got your figure from but this is from the latest press release dated 5th November 2003 ... Gold Reserve is developing the Brisas project in south-eastern Venezuela which currently contains reserves of 7.5 million ounces of gold and 1.1 billion pounds of copper. The Company is planning a 50,000 tonne per day mining operation which is expected to produce 362,000 ounces of gold and 46 million pounds of copper annually, at an estimated cash cost (net of copper credits) of $153 per ounce of gold. The Company currently has 28.8 million shares outstanding and US$20 million in cash and no debt. Information on Gold Reserve is located at www.goldreserveinc.com goldreserveinc.com