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Gold Reserve Inc. Message Board

  • mac_happy_70 mac_happy_70 Jul 18, 2005 9:19 AM Flag

    so what vet, grz looks dead in water

    no progress being made to get to production. the mgt. is fishing for buyers imo.

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    • Don't confuse lack of market activity with lack of progress with the projects. Almost all gold stocks, juniors and seniors alike are being shunned by the market simply because the US dollar started to show signs of life.

      GRZ are moving now with Choco 5 and we could easily see some quick results there as they have already picked out several likely areas to drill.

      Brisas is still on schedule; permitting is always slow in Venezuela but there are other things to get done while permits are being processed, and GRZ is doing those things.

      I would expect an update on those other issues before the end of the month or early next month and that should make you realise that the project is advancing and that Gold Reserves' relationship with the government and the various permitting authorities is in good shape.

    • A couple of good intersections on Choco 5 will get the attention of the seniors, especially Goldfields, IMO.