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Re: basserdan post# 425488

Tuesday, 09/20/2005 4:05:01 PM

Tuesday, September 20, 2005 4:05:01 PM

Post# of 704019
**** Gold related ***** GRZ - You could look at it two ways:

1) Gov would have announced seizure of GRZ at the same time as KRY since they're essentially the same mine if they were planning on doing so.

2) Gov is still planning on seizing GRZ mine due to it's proximity to KRY. GRZ still lacks permits. Until permits come why bother investing no matter how cheap it looks.

I tend to subscribe to #2. However, given that KRY was contested maybe that gives the Gov the perfect cover to seize the mine, but leave GRZ alone. Don't know, but too hot to touch.

I'm guessing the Gov is still looking for any legit reason to seize GRZ as well since it make far more sense to develop these two mines as one.

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