Markray Corp (RVBR)

[eik]

"Regarding the so-called... reserves near Moscow, Migachev (the Director of TsNIGRI) told Mineweb: “this is an old story that there is goldmining next to Moscow and in central Russia. In reality, there are sand-gravel pits where you can theoretically mine gold. It’s approximate content in the mix is 10-80mg per tonne. We’ve calculated the economics, and it is reasonable to get gold from there, if you process 1 million tonnes of this mix per year. It is a very costly, low efficiency goldmining process. It could attract none of the current goldminers. There are no other places which could be called ‘tailing dumps’ around Moscow. I think they are misleading their audience by talking about these pits.”

http://johnhelmer.net/?p=323

Markray likes to mention TsNIGRI fake (according to many sources) estimates of Roshal reserves. Will Kinross confirm your information if/when I contact them? BTW, do you know the name of Markray's General Director in Roshal? Phone number? If you don't I can give you information about this small private company which squeezes pennies from some construction related orders and has nothing to do with gold mining.