>>>Two more of your recommendations which I've held since October 2004 (when the POG was $423), MNG - +151% GRZ - +23% (after falling 61%) Any thoughts on GRZ? Are they getting along with Chavez ok?<<< ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It sure seems the market thinks so and that is what I'm going on until more is known..... either way.
That GRZ has had a couple of lesser permits granted since Chavez flu broke out can/should be interpreted as a good sign.
Did you know that at the current prices of copper and gold, it is estimated that each and every oz of gold produced will be a cost of minus $45/oz.
Meaning, at current prices, the copper credits will more than pay for the gold production, therefore causing mucho dinero falling to the bottom line, Senor.
With more than 11 million oz of gold and over 2 billion lbs of copper, it would seem GRZ would seem a likely target for Chavez to shoot at if he were inclined to gamble and prolly jeopardize future foreign investment by taking them over.
Fwiw, although GRZ's home office is in Spokane, Wa., they are listed and registered as a Canadian Company which is a good thing as Canada and Venezuela have some accords that offer a higher degree of safety than if they were a US company.
Though a couple months old, this slide show presentation tells a nice story that has gotten decidely better since it was made:
PH, juniors with political complications seem to have a lot of trouble moving up until the situation resolves. I think GRZ's situation is getting quite close to resolution, but we shall see of course.
Dan, Two more of your recommendations which I've held since October 2004 (when the POG was $423), MNG: +151% GRZ: +23% (after falling 61%) Any thoughts on GRZ? Are they getting along with Chavez ok? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
G'morning M, GRZ was one of the presenters at yesterday's American Stock Exchange (AMEX) Third Annual Precious and Base Metals Investor Conference Agenda.
Their excellent presentation and slide show can be accessed by clicking on the 'speaker' logo next to their name in the link below.
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