EZ been full of fung for years lol. to bad some people that dont know a thing about minning read his grap and belive it. KRY road the tails of GRZ for years they never owned a property they were a sub contracter with a ceo that pumped diluted the company all the way bankrupcy. fung knew he was never going to mine it. GRZ recieved the invironmental
permit and was about to start construction fung had to dilute and pump that he was next lol. fungs a piece of _hit. I'd say GRZ would be very profitable..
Gold Reserve Inc. is a Canadian company developing the Brisas gold copper project is Southeastern Venezuela. Brisas has NI-43-101 reserves of 485 million tonnes of ore grading 0.67 grams per tonne gold and 0.13% copper containing 10.4 million ounces of gold and 1.3 billion pounds of copper (using a revenue cutoff grade of US $3.04 per tonne and a gold price of US $400 and a copper price of US $1.15 per pound). The Company expects to finance the construction of Brisas with a combination of debt and equity. The mine plan anticipates using conventional truck and shovel mining methods with the processing of ore at full production of 70,000 tonnes per day, yielding an average annual production of 456,000 ounces of gold and 60 million pounds of copper for a mine life of 18.5 years. Using copper as a byproduct, operating costs are expected to be US $126 per ounce (using US $1.80 copper). With only 42.6 million shares outstanding