Gold Production, Development and Exploration

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Message: Re: Who can help me?

Oct 01, 2010 04:05PM

This one's all about politics .

The resource is there 8 to 10 million onces of gold but like pimed24 said about half the production goes to the Venezuelan govt. at a fixed price .

They had a litigous situation with GRZ don't think it's resolved but not sure , you can look there as well .

Owners are Russian and they are close to the govt.

IMO SP should easily go up to about 0.40 under reasonable circumstances , but any political upheavel from within or from the outside could hurt .


Oct 02, 2010 02:43PM
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